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June 28, 2023
CME Feeder Cattle inches up 2.14% and stands on top of this list of commodities gainers.
Markets don't have a clear cut direction — Corn slipping 1.6% and closing at $552. Soybeans trades at $1,277.5 after losing 1.29%.
This limbo state is reflected by published market data as United States New Home Sales (May) came out at 763,000, while a consensus of analysts was expecting 675,000.
NYMEX Natural Gas | Currently steady around $2.78
Stable at $2.78 and still trending upwards, Today's session might suggest a slow down — tentatively higher from an earlier low of $2.76, NYMEX Natural Gas is up to $2.78 per MMBtu today, adding 1.8 cents, or 0.65%, to yesterday's closing price of $2.76.
Feeder Cattle | +2.14% in mid-session
The past 3 months have been positive for Feeder Cattle as it added 24.7% compared to its 3-month low of $170.72.
Live Cattle | +1.17% in mid-session
The sentiment that generated 97 cents in cumulative gains over the past 5 days was further evident for the Livestock future. Consistent for now — after closing the previous trading day at $170.6, CME Live Cattle is up to $172.6 per pound, which makes for a move of 1.17%/$2 today.
