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Live cattle futures settled 0.82 to 2.42 higher on Tuesday, with February through August contracts all posting triple-digit gains. Boxed beef cutout values rose sharply on moderate to good demand and light offerings, and feeder cattle closed 0.82 to 1.62 higher.
Stronger boxed beef values and firmer futures support higher prices for feedlot cattle and feeder cattle, with the cash market expected to follow.
brownfieldagnews.comFeb 28, 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.
