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Live cattle futures rallied late in the week after a favorable WASDE report, lower corn futures and slower-than-expected inflation. Cash cattle trade stayed steady as packers kept prices level, with live steers averaging about $152.77.
Cheaper corn supports feedlot margins, while steady packer pricing keeps cash cattle values stable.
wlj.netCharles WallaceNov 11, 2022Not 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.
