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CME live cattle futures closed higher for a third straight session on Aug. 3, supported by firmer wholesale beef values and technical buying.
August cattle finished 0.700 cent higher at 115.225 cents per pound.
Stronger beef cutout values and futures trading at a discount to cash support cattle prices, which can help feedlot margins for feed buyers in the short term.
reuters.comAug 3, 2017Not 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.
