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December live cattle closed $1.32 higher at $118.40 and feeder cattle gained on wholesale strength and higher cash trade. Direct cash deals were $114 to $115 live, and feeder calf prices were steady to higher at Fort Pierre.
Stronger cash and wholesale values support futures and give feedlots room to bid higher for feeder cattle.
brownfieldagnews.comMeghan GrebnerOct 26, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Strong wholesale beef values and higher cash trade drove a $1.32 gain in December live cattle, which is the likely source of the large move and carried momentum.
