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Live and feeder cattle futures were higher while traders watched direct cash trade develop at $150 live in Kansas and Texas and $153 in Nebraska. Boxed beef closed lower on heavy movement, and a feeder cattle sale in Missouri showed mixed price changes by weight class.
Traders were watching the October placement figures in the upcoming USDA Cattle on Feed report.
Mixed futures and softer boxed beef indicate limited upside, while placement data may shift expectations for feeder supplies and prices.
brownfieldagnews.comNov 16, 2022Not 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.
