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Brownfield reports cattle futures closed higher on March 20, with April live cattle up $0.45 to $129.57 and April feeder cattle up $0.52 to $148.32. The report says hog futures soared on demand hopes and that cattle supplies remain constrained by weather-related delays.
Higher hog futures spill over into cattle sentiment, but this is routine price commentary with no new fundamental shock.
brownfieldagnews.comMeghan GrebnerMar 20, 2019Not enough comparable past events yet for a historical read.
Not 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.
