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Live and feeder cattle futures closed sharply higher on the week, with August live cattle at $183.17 and August feeders at $261.97. Cash deals for live cattle were mostly $186 in the South, and dressed trade in the North was $305-306.
Higher cash and futures prices reflect firm beef demand and tight supplies, which keeps feeder cattle values elevated for feed buyers.
brownfieldagnews.comMeghan GrebnerJun 14, 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.
