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Live and feeder cattle futures continued rallying after a neutral-to-bullish USDA Cattle on Feed report. Cash fed cattle rose $2 to $5 and boxed beef cuts climbed sharply, with choice cuts up about $11 week over week.
Thin market-ready supplies and strong beef demand are pushing cash and futures higher, supporting feeder cattle values and raising the cost of cattle-based feed buying decisions.
dtnpf.comShayLe StewartFeb 27, 2023Not 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.
