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DTN reports feeder cattle are rallying alongside live cattle after fat cattle prices rose about $10 in three weeks. Drought in the West pushed calves to market early, easing fall supply pressure.
Packers remain short-bought and active.
Earlier calf marketings and packer buying interest support feeder cattle prices. Rising corn costs are a counterweight that could limit the rally.
dtnpf.comShayLe StewartNov 30, 2021Not 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.
