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U.S. live cattle futures rose as fund buying added to the rally. The move followed strength in cash and wholesale beef prices.
Fund-led buying lifts futures ahead of cash fed cattle, supporting feeder cattle and feed demand expectations. Stronger cattle values tend to support feeder purchasing.
reuters.comJulie IngwersenOct 30, 2019Not 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.
