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Feeder steers and heifers sold $6 to $12 higher at Ozarks Regional Stockyards on Tuesday, with five-weight steers up $20. Demand was good on a moderate supply of 2,171 head.
Firm feeder cattle prices on good demand and moderate supply signal tight near-term feeder supply, a bullish signal for cattle prices.
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.