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CME live and feeder cattle futures fell on pressure from direct cash cattle trade and technical selling, with feeders also weighed by a higher corn market. October live cattle closed $0.72 lower and September feeder cattle $1.17 lower.
Lower cattle futures reduce feedlot margins and can temper demand for feed grains over time, though the cattle moves here are routine and driven by cash trade.
brownfieldagnews.comMeghan GrebnerAug 31, 2017Not enough comparable past events yet for a historical read.
Not 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.
