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CME's market commentary says feeder cattle futures broke out of a rising wedge and reached an all-time high, while the Feeder-Live Cattle spread hit a record. Equities fell sharply over the same period, and AUD/JPY broke a four-year uptrend.
Persistent drought in cattle-producing regions and restricted Mexican feeder imports are tightening feeder supply, which supports higher feeder cattle prices for buyers.
cmegroup.comMar 24, 2025Not 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.
