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Calf prices began to firm in late October as resurgent live cattle futures rallied and buyers grew more willing to bid. Feeder cattle futures rose an average of $6.91 on the week while corn futures fell an average of 14 cents on profit taking, a stronger dollar and improved South American and Russian crop conditions.
The CME Feeder Cattle Index rose $2.75 to $136.76.
Lower corn futures on improved South American and Russian crops ease feed costs for feeders, while the cattle rally supports feeder demand.
cattlecurrent.comWLINov 1, 2020Not 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.
