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Federal-State market news reports feeder and stocker cattle demand varied by calf quality and vaccination status, with yearlings in good demand. CME feeder contracts were mixed on the week, with November down 0.325 and January down 1.200.
Live cattle December contracts rose about $1 on the week.
Mixed feeder demand and split futures moves leave feeder cattle values roughly unchanged. Live cattle support points to steady cattle prices for feed buyers.
capitalpress.comStaff ReportsNov 1, 2021Not 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.
Reports that December live cattle rose about $1 on the week as yearling demand held up support the upward move into Nov 1, though feeder contracts were mixed.
