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February live cattle futures closed up $2.07 in the week ending January 5, recovering to $170.57 from a December low of $162.40. Cash cattle showed small gains for a third straight week, though a sharp drop in choice boxed beef was noted.
A rebound in live cattle prices from December lows supports feedlot margins and feed buying, though the weaker boxed beef trade limits upside.
dtnpf.comTodd HultmanFeb 1, 2024Not 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.
