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Fed cattle trade strengthened late in the week with February live cattle near contract highs at $247/cwt. Packer margins near negative $300 per head forced reduced slaughter, while the Cattle on Feed report matched expectations.
Reduced harvest volume tightens fed cattle supply and supports higher cattle prices, though weak packer margins could limit further gains.
Not 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.