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Live cattle futures closed higher, with the February contract reaching 123.07 on sharp gains and the rest of the market showing weaker buyer support. Feeder cattle finished mixed to slightly lower, and boxed beef values rose as Choice cutout gained 1.66.
Higher boxed beef and firm cash cattle prices support live cattle, while the mixed feeder market signals limited upside for feeder prices.
brownfieldagnews.comFeb 23, 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.
