Live Cattle futures were mostly flat on the day as Feeder Cattle futures fell, trading in a nearly $6 range before settling. October Feeder Cattle futures were down $0.77. In contrast, October Lean Hogs futures ended $0.52 higher. Wholesale beef saw a softer tone with choice cuts falling $1.67 and select cuts down $2.82. Friday's Commitment of Traders report revealed that managed money funds have reduced their net long position in feeder cattle to the smallest level since the first week of May.
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https://www.cmegroup.com/markets/agriculture.html
#livecattle #livestock #futures
Learn More:
https://www.cmegroup.com/markets/agriculture.html
#livecattle #livestock #futures