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Live cattle closed mostly higher on Nov 7 on a stronger cash trade and firmer wholesale values. Dressed cash deals in the North traded at $177 to $182, and feeder cattle gained with corn.
Stronger cash and boxed beef values support futures and feeder demand, while cheaper corn supports feedlot margins.
brownfieldagnews.comMeghan GrebnerNov 7, 2019Not 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.
On Nov 7 live cattle closed higher on stronger cash and wholesale values, but the date falls just after the window end, so it only reinforces the trend.
