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Cattle futures have rallied since early October, with the December contract rising from a $125.00 low on Oct. 1 to $137.90 before Thanksgiving.
Prices returned to summer highs, and an analyst expects a correction before the outlook into December stays positive.
Strong beef demand and a tight cattle cycle support higher cattle prices, which affects feedlot margins and demand for feed. A short-term correction is possible given overbought conditions.
farmprogress.comNaomi BlohmNov 29, 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.
