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Fed cattle cash trade hit new record highs, with South cattle at $218-220/cwt and North at $225-228/cwt. June live cattle futures rose $3.575 for the week to a record $202.05/cwt as slaughter slowed and beef demand held up.
Tight cattle supply and firm cash prices keep feeder and live cattle futures bullish, raising the cost of feeding cattle and the value of feeder-cattle inputs.
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.