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Fed cattle traded about $4 higher than the prior week on a live basis, with 5-area weighted average prices at $128.29 live and $202.00 dressed. Choice boxed beef cutout rose to $209.20.
Live cattle futures gained more than $3.50 over the week.
Firmer fed cattle and beef values raise feedlot margins, supporting strong bids for feeder cattle. Packers face squeezed margins, which may limit further gains.
u.osu.eduSmith atFeb 21, 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.
