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Live cattle futures were mostly higher on spread trade and firmer boxed beef, while feeder futures were mostly lower. Direct cash cattle traded at $205 dressed in the north, $3 higher on the week, and the USDA delayed cattle inventory report showed the national herd at 94.8 million head.
Higher cash trade and firm boxed beef support fed cattle prices, while a large herd keeps feeder supply ample.
brownfieldagnews.comMar 1, 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.
