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CME live cattle futures reached life-of-contract highs on Sept 15 on firmer cash prices and tight supplies of market-ready animals. Feeder cattle futures also hit contract highs, helped by weaker feed corn prices.
Tight fed cattle supply gives feedlots leverage to push cash prices higher, which supports futures. Cheaper corn lowers feeding costs and adds support for feeder cattle.
reuters.comKarl PlumeSep 15, 2023Not enough comparable past events yet for a historical read.
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.
