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Cattle trade slowed on March 2, 2017, with most dressed business at $200.00 and live sales in the North at 126-127. Boxed beef cutout values rose on moderate demand and light offerings.
Live and feeder cattle futures closed lower, and USDA estimated slaughter at 115,000 head.
Weak commercial buyer interest pressured live and feeder cattle futures despite firm cutout values. Lower feeder futures reflect pressure on the cattle complex, which weighs on feeder cattle demand for feed.
brownfieldagnews.comMar 2, 2017Not 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.
