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Kansas fed cattle traded at $120 and the Fed Cattle Exchange averaged $117.60, down from the prior week. Boxed beef values fell and live and feeder cattle futures closed lower on lack of cash market support.
Weaker cash trade and softer beef values pressure cattle futures, which can dampen feeder demand and grain purchases for feeding.
brownfieldagnews.comFeb 8, 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.
