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US cattle futures lost ground on November 30 as traders weighed weak beef exports against rising beef production. February live cattle fell 0.375 cent to 112.875 cents per pound, while choice boxed beef gained 83 cents to $243.68.
January feeder cattle rose 1.225 cents on a lower corn market.
Heavy cattle supplies and weaker exports cap live cattle prices, while lower corn costs support feeder cattle values and feedlot demand for grain.
thecattlesite.comGlobal Ag MediaDec 1, 2020Not 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.
