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Feeder cattle futures rose after the screwworm detection in Mexico shut live cattle exports to the US. December live cattle futures were up $1.30 to $186.90 through Tuesday, and asking prices for cash cattle in the South were noted at $189.
Lost Mexican feeder supply is pushing feeder futures higher as buyers compete for domestic cattle, so the price effect is already visible in the market.
wlj.netAnna Miller FortozoNov 27, 2024Not 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.
