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Feeder cattle gave back part of their fall gains as fed cattle prices pulled back from highs. Spring live cattle futures had dropped about $5 per cwt from early November highs by November 15.
Lower fed cattle values pull feeder prices down because feeders are priced on their expected finished value, which weighs on feeder cattle demand and cattle price levels.
u.osu.eduSmith atNov 22, 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.
