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The April live cattle contract fell from $166 on March 7 to $161.50 on March 15 after financial sector turmoil raised beef demand concerns, then recovered to about $165. The CAB cutout hit a year-to-date high of $295/cwt early in March and averaged about $292 last week.
Cutout softness and seasonal pullback pressure fed cattle, but expected spring beef demand and tightening cattle supplies support a recovery in prices.
oklahomafarmreport.comSpencer AndersonMar 29, 2023Not 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.
