Chicago Mercantile Exchange live cattle futures closed lower on Friday as traders adjusted positions ahead of the U.S. Department of Agriculture monthly cattle-on-feed report that was released after the futures closed, analysts and traders said.
Analysts called the report neutral for futures on Monday as its supply numbers were nearly in line with trade estimates.
"We pressed the market all week so we have to see how much of the report is dialed in," said U.S. Commodities analyst Don…
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