Cattle Current provides a snapshot of daily cattle market highlights.
Cattle futures were lower Thursday, pressured by steady to weaker cash fed cattle prices and the recent decline in wholesale beef values.
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Cattle futures softened Wednesday with pressure including the lack of weekly cash direction and a sharp decline in wholesale beef values.
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Cattle futures mainly extended gains Tuesday with hopes the near bottom has been carved, supported by ongoing relative demand strength.
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Cattle futures moved higher Monday, although many thought traders might see bearishness in more placements than expected in Friday’s Cattle on Feed...
Cattle futures were narrowly mixed Friday as traders waited the monthly Cattle on Feed report, which will likely be viewed as neutral to slightly bearish...