Cattle Commentary: Cattle futures started the day firm but faded with the outside markets. April live cattle finished the session down .65 at 125.475, trading in a range of 2.075. March feeders were down 1.325 at 149.60, trading in a range of 3.90. Volatility expansion was the theme in today’s outside markets, we expect to see that carry over into commodity markets in the overnight session and to the cattle trade tomorrow. Will the 10% pull back in stocks over the last week lead to demand concerns? Time will tell, but the fact that we are asking that questions will likely take some premium out of the market. Coming into the week, market participants were expecting to see cash steady to slightly higher, we will keep a close eye on that and keep you posted. Boxed beef was slightly higher today but is expected to be limited until the back half of February.
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