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CME live cattle futures fell on May 16 as follow-through selling pushed several contracts below support, with June down $0.55 to $121.90. Feeder cattle also fell, with May down $1.57 to $140.95.
Breaking below technical support and uncertain demand point to further downside in cattle futures in the near term. Lower cattle values can reduce feedlot placements and feed demand.
brownfieldagnews.comJohn PerkinsMay 16, 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.
