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Cash cattle sold at the Fed Cattle Exchange on Wednesday with weighted averages around 125 to 132 dollars, and asking prices reached 134 to 135 in parts of the South. Choice boxed beef closed at 219.18 while Select fell, and CME live cattle contracts settled higher.
Firm cash cattle and boxed beef support feeder and live cattle futures, which lifts the cost of feed for finishing operations. Tight long-term supply keeps buyers active.
brownfieldagnews.comApr 26, 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.
