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Cash live cattle prices rose sharply in late October, with a $6 per cwt gain. Feeder cattle prices were 25 to 35 percent above year-ago levels.
Beef retail demand and exports remained strong, while retail beef prices were lower than a year earlier.
Strong beef demand and firm cash cattle prices support live and feeder cattle futures, although rising feeder costs squeeze feedlot margins.
wlj.netSteve Kay, WLJ columnistNov 2, 2017Not 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.
