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Calf and feeder cattle traded $2 per cwt lower to $2 higher while negotiated fed cattle held steady at $110-$111 live. CME Feeder Cattle Index reached its highest level since last November at $158.13 after the Cattle on Feed report pressured early-week trade.
Tighter harvest-ready fed supplies and firm beef demand support near-term cattle prices, which keeps feeder and finishing costs elevated for buyers.
beefmagazine.comWes IshmaelSep 29, 2018Not 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.
