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Southern cash fed cattle traded from $136 to $140 live during the week of Thanksgiving, and feeder calf prices rose with fed cattle profitability. Futures from February and further out reached contract highs as funds bought into the rally.
Higher fed cattle and feeder calf prices improve feedlot profitability and encourage restocking of the cow herd, which tightens near-term supply and supports demand for feed.
tsln.comNov 26, 2021Not 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.
Cash trade of $136-140 in Thanksgiving week and fund buying pushed futures to contract highs, supporting the advance.
