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Live cattle and feeder cattle futures closed lower on Thursday as cash trade was expected to be widespread and boxed beef values declined. Feeder cattle fell sharply on concerns about long-term beef demand, while cash cattle bids improved somewhat.
Lower beef values and weaker demand outlook pressure cattle futures, which can reduce feeder cattle prices for buyers. Improved cash bids offer limited support.
brownfieldagnews.comMeghan GrebnerNov 29, 2018Not 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.
