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CME cattle futures closed higher on end-of-week buyer support, with August live cattle up $2.07 at $110.67 and August feeder cattle up $1.65 at $152.85. Cash cattle traded at $114 live in the South, $2 above the prior week.
Firm wholesale values and cash trade support feeder and live cattle prices, which can lift demand for feed in feedlots.
brownfieldagnews.comMeghan GrebnerAug 3, 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.
