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Cattle futures closed moderately higher on October 2 on support from limited early-week cash trade, with October live cattle up $.30 to $113.97. Live cash deals were reported at $111 to $112 in Iowa and Nebraska, and feeder steer receipts were up on the week at Nebraska auctions.
Limited cash trade supported futures, but industry concern about a coming surge in cattle production next year limits the upside for feeder and live cattle prices.
brownfieldagnews.comMeghan GrebnerOct 2, 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.
