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Feeder cattle futures moved above $160/cwt for the first time in over a year, and live cattle hit a new contract high above $125/cwt. The report cites good beef demand and strong prices for 600-plus pound calves.
It suggests producers consider put options to protect prices.
Record-high feeder and live cattle futures reflect tight supplies and firm demand, raising feeding costs for buyers.
okfronline.comNov 6, 2017Not 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.
