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Cattle futures started Friday lower on profit taking after four straight up days and after running into chart resistance. Analysts said the market is choppy with no major trend, while cash cattle bids were around $210 with packers reportedly full.
Feeder and live cattle prices are being set by cash packer bids, which are steady near $210, so buyers of cattle-based feed demand should expect sideways trade. Grain and hog futures were higher the same day, which supports feed cost sentiment.
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.