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CME live cattle and feeder futures were mixed as traders watched early-week cash cattle trade, with cash fed cattle mostly at $126 live. Choice boxed beef closed higher on moderate demand, and the estimated slaughter was 116,000 head.
Routine futures and cash moves with no new supply or demand shock leave the cattle price outlook largely unchanged for feed buyers. Steady cash prices and firm boxed beef support feeder demand.
brownfieldagnews.comJan 30, 2018Not 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.
