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Cash fed cattle sold $4 to $9 higher, mostly at $125 per cwt, during the week ending November 3. Live cattle futures averaged $4.29 higher and feeder futures $5.05 higher for the week.
Choice boxed beef rose $5.44 to $208.74 per cwt as auction receipts ran below the prior three-year average.
Tighter cattle supply and rising boxed beef values support higher cash and futures prices, and feedlots are restocking pens at higher costs.
cattlecurrent.comWLINov 3, 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.
Weekly summary shows cash cattle $4-$9 higher, futures averaging $4.29 higher and boxed beef up $5.44, directly matching the 5-day rally.
