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DTN reports live and feeder cattle contracts traded to new highs on Monday after a week of firm cash cattle trade. Spot April live cattle closed at $166.10 and April feeders at $198.60, with the corn market having corrected lower the prior week.
Strong cash cattle prices and lower corn costs support feeder and live cattle values. Rising input costs such as hay, corn and freight still constrain producer profitability.
dtnpf.comShayLe StewartMar 6, 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.
