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A two-week U.S.-Iran ceasefire was agreed and the Strait of Hormuz reopened, sending stocks up and crude oil down. Packers bought cattle aggressively into Easter, paying $10 more for live cattle, and the 5-area steer average reached $244.96.
Lower recession risk and strong packer demand before peak beef buying season support continued record cash steer prices into late spring.
beefmagazine.comDennis SmithApr 8, 2026Not 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.
