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CME live cattle futures finished firmer on July 21 as cash cattle in Kansas and Texas brought $120/cwt, steady with the prior week. Packers were bidding $119-$120 with sellers holding out for more.
Tight supplies and profitable packer margins support cash cattle prices ahead of seasonal demand gains for Labor Day, though traders remained cautious ahead of the USDA reports.
grainews.caGFM Network NewsJul 21, 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.
