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Live cattle and feeder cattle futures were mostly lower on spread activity and profit taking, with cash cattle trade at a standstill. Boxed beef was mixed and the Japan reopening to U.S. beef was noted as a potential $200 million annual sales boost.
Softer cash fed cattle prices and mixed boxed beef reflect ample supply against moderate demand, pressuring feeder cattle costs for feedlots.
brownfieldagnews.comMay 20, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
