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CME live cattle futures closed higher on short covering in light volume on May 19, with June up $0.52 to $123.45. Feeder cattle futures also rose, with May up $1.07 to $143.35.
Cash cattle trade was quiet and softer, and boxed beef closed modestly lower.
Routine price commentary shows cattle futures firm on technical buying while cash fundamentals soften. Feed buyers face little new supply or demand signal from this session.
brownfieldagnews.comJohn PerkinsMay 19, 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.
