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Barchart
Austin Schroeder

Cattle Falling the Limit After Trump Post

Donald Trump ARE Live Cattle Fed Cattle Exchange Feeder Cattle USDA

Live cattle futures are down $3.85 to $5.10 so far on Wednesday. Cash trade has been quiet this week, with last week settling in at $240-241 across the country. The Wednesday morning Fed Cattle Exchange online auction showed no sales on the 1,646 head offered with bids at $238. Feeder cattle futures are down $8.50 to the $9.25 limit across the board, follow a post from President Trump shortly before noon CDT. The CME Feeder Cattle Index was back down $3.16 at $372.99 on October 20. 

At midday on Wednesday President Trump posted that cattle producers need to “get their prices down.” Very little substance was in the post, though the market is not liking it.

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