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CME update: cattle futures close lower as cash markets remain weak

26 August 2020

US live cattle futures settled lower on 25 August, pressured by signs of weakness in the cash markets.

Reuters reports that CME benchmark October live cattle ended 0.85 cent lower at 108.775 cents per pound. October feeder cattle were up 0.25 cent at 143.075 cents per pound.

Traders told Reuters that cash cattle in Texas traded at $105 per cwt on Monday 24 August, down $1 from last week.

Read more about this story here.

Source: Reuters


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