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February 22, 2023
CME Cattle falls slightly 0.25% and stands on top of this list of commodities gainers.
Markets are mixed with Natural Gas drawing back 4.1% to $2. Gold up to $1,843, gaining 0.55%.
Current market events are being influenced by ambiguous macro data as United States Existing Home Sales (Jan) came out at 4 million, while a consensus of analysts was expecting 4 million.
+0.25%: Meats in focus as bullish the Feeder Cattle future posts 0.25% gain
Consistent for now — after closing the previous trading day at $186.53, Feeder Cattle is up to $187 per pound, which makes for a move of 0.25%/47.5 cents today.
CME Cocoa | +1.87% in mid-session
CME Cocoa has fallen back around 2.22% over the past a day, from a notable high of $2,794.
CME Live Cattle | +0.89% in mid-session
The Livestock future continues a 7 day surge, reaping a total of 2.58%. Heading in the same direction for now — after closing the previous trading day at $163.57, Live Cattle is up to $165.03 per pound, which makes for a move of 0.89%/$1.45 today.
