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CME live cattle and feeder cattle futures rallied sharply on commercial and technical buying and higher midday boxed beef as retailers restocked after Memorial Day. June live cattle rose $3.00 to $106.12 and August feeder cattle gained $3.57 to $148.55.
Firmer boxed beef and packer demand support cash fed cattle and feeder prices, though sellers may hold back after last week's sharp decline. Feeder futures also gained on lower corn, a modest support for feeder cattle economics.
brownfieldagnews.comMay 30, 2018Not enough comparable past events yet for a historical read.
Not 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.
