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Cash fed cattle trade was sluggish the week before December 7, with fewer than 7,400 head confirmed traded and prices about $1-2 lower at $115 live and $183 dressed. February live cattle futures gained while Choice beef cutout closed slightly higher and Select lower.
Slow cash trade and softening beef cutouts weigh on near-term cattle values, which in turn affects feeder demand and feed buying by feedlots.
wlj.netKerry Halladay, WLJ Managing EditorDec 7, 2018Not 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.
