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Northern dressed cattle averaged $302 last week, up $4, and Southern live cattle averaged $187, up $2, both setting new all-time highs. Analysts note the market is trading at historically high levels despite the bullish momentum.
Record cash fed cattle prices raise feeder costs and feed-yard margins while supporting the bull trend in cattle futures. Higher beef prices may also shape demand for feed inputs.
Not 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.
