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CME live cattle futures fell to an eight-month low on Aug. 9, driven by fund liquidation and cash cattle trading below expectations at $115 per cwt.
CME feeder cattle dropped by their daily limit as August feeders closed at 141.525 cents.
Lower cash cattle prices and a weaker futures complex reduce the value of livestock on feed, which can cut feedlot demand for feed grains and protein.
country-guide.caTheopolis WatersAug 9, 2017Not 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.
