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Feeder cattle prices bottomed in early September and have risen roughly 5.5-6.0% since Labor Day. Oklahoma 450-pound steers are up 6.3% over five weeks, with wheat planting delayed by dry conditions.
A tightening feeder supply and firm stocker demand support feeder cattle prices into the fourth quarter.
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.