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Live cattle futures on the CME are down 0.6% in morning trade, influenced by declining wholesale prices. Beef cutouts, particularly Choice cutouts, fell $6 per hundredweight in the latest USDA report to $376.79 per cwt.
By Julie Ingwersen CHICAGO, Sept 18 (Reuters) — Live cattle futures on the Chicago Mercantile Exchange (CME) ended modestly higher on Friday on bargain-buying following a three-session slide and ahead of a monthly feedlot report from the US Department of Agriculture, analysts said. The USDA's report, released after Fri
Virginia McGathey discusses recent downside movement across the livestock sector. Live Cattle futures traded lower on profit-taking following a recent rally, with demand showing signs of struggle despite higher cash prices. Feeder Cattle futures also faced pressure as the market anticipates higher placement estimates i