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Cash fed cattle reached new highs across the Plains, with 5-Area steer averages hitting a record $198.93 per hundredweight. The CME Feeder Index also printed an all-time high of $265.76, and live and feeder futures posted record nearby prices.
Record fed and feeder prices reflect tight supplies and strong beef demand, raising the cost of cattle inputs for feedlots and supporting higher prices for feeder and live cattle.
beefmagazine.comTrey FreemanFeb 1, 2025Not 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.
