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Live and feeder cattle futures closed sharply lower on September 6 after disappointing cash trade and weaker wholesale values. October live cattle closed $3 lower at $94.87.
Feeder cattle contracts also fell, with September feeders down $1.05 to $133.35.
Weakening cash and wholesale beef values pull futures lower, reducing the feeder cattle price outlook for buyers.
brownfieldagnews.comMeghan GrebnerSep 6, 2019Not 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.
Sharp Sept 6 futures drop on weak cash trade and lower wholesale beef values directly drove the bulk of the 5-day decline.
Live and feeder cattle closed sharply lower Sept 6 after disappointing cash trade and weaker wholesale values, with October live cattle down $3.
