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On the CME, feeder cattle futures closed $3.87 to $4.15 higher, while live cattle were mixed, with December down $0.07 and February up $0.25. Direct cash cattle trade was quiet, with a $215 bid in Kansas passed.
Boxed beef was mixed and estimated slaughter was about 110,000 head.
Firm feeder cattle prices and limited cash trade point to tight feeder supplies, which supports demand for feed grains and roughage over the near term.
Not 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.