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CME live cattle futures were mostly lower on profit taking, softer beef demand and spread trading. Direct cash cattle trade was quiet, with light business at $117.50 to $118 live in Texas, and boxed beef closed lower.
Lower cash and boxed beef values pass back to feeder and live cattle prices. The routine nature of the session means no new supply or demand shock is evident.
brownfieldagnews.comJohn PerkinsAug 4, 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.
