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Cash fed cattle traded in a range of $125-128 live and $200 dressed, up from $121-125 the prior week. The February live cattle contract gained $1.82 to settle at $126.42.
Gains came mostly from a sharp Thursday rally after losses on Wednesday.
Stronger cash cattle and futures support feeder prices and raise input costs for feedlots. Reduced weekly slaughter during February tightens near-term supply.
wlj.netKerry Halladay, WLJ Managing EditorFeb 2, 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.
