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Iowa and Nebraska live cattle traded around $223 to $225 per cwt, with dressed prices near $350. Record steer carcass weights offset declining slaughter numbers.
Heavier carcass weights partly offset lower slaughter head counts, leaving beef supply tight and cattle prices supported.
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.