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Fed cattle traded at $186 in both the north and south for the week ending May 17, with cutter cow cutout up $1.03 to $271.75. National feeder steer averages rose to $259.23, and Choice boxed beef gained $18.88 to $313.45.
Live cattle futures closed $4.53 to $4.93 higher across the front three months.
Broad gains in fed, feeder and boxed beef prices reflect firm beef demand and tight supplies, supporting cattle futures and feeder values. Red meat output running 1% below last year limits supply growth.
redangus.orgra_adminMay 21, 2024Not 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.
