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Live and feeder cattle futures ended lower on September 9 on weakening wholesale values, lower cash trade and concerns about rising cattle weights. October live cattle closed $0.67 lower at $94.20.
Oklahoma feeder steer and heifer prices were $4 to $10 lower.
Weaker boxed beef, heavier cattle weights and lower feeder prices extend downward pressure on the cattle complex.
brownfieldagnews.comMeghan GrebnerSep 9, 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.
Further Sept 9 declines on weaker wholesale values, lower cash trade and heavier cattle weights added to the drop.
