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Feeder cattle futures climbed above $380/cwt, a record, earlier in October before the market turned lower. Managed money held a large net-long position through the summer, and producers' cow-calf returns are at historic highs.
The article urges producers to use risk-management tools.
Heavy speculative length and high producer margins raise the risk of further sharp liquidation, which could reduce cattle placements and feed demand going into 2026.
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.