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Cattle Futures Rally on Stable Consumer Demand | Channel Final Bell with Ross Baldwin
Published 4 weeks, 1 day ago
Description
Strong boxed beef prices have given traders confidence in consumer demand for beef, leading to a strong rally through today's close.
Lower crude oil prices have boosted equities, which has also helped to support cattle futures.
Cash trade is expected to be higher for the week, but will likely wait until after Thursday's Cattle on Feed report.
Ross Baldwin with John Stewart & Associates recaps today's trade.