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Live cattle and feeder cattle futures fell on Aug. 22 on technical selling while traders watched direct cash trade and the USDA Cattle on Feed report.
Choice boxed beef rose $0.47 to $214.04, and the estimated weekly cattle slaughter was 117,000 head.
Cash cattle and feeder futures softness ahead of USDA data points to near-term pressure on cattle prices, with limited direct effect on feed demand.
brownfieldagnews.comAug 22, 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.
