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Live cattle cash trade rose about $2 in the north and south, with Texas and Kansas near $152 and the north reaching $155 to close the week. Packers were buying after weeks of trying to push cash lower, and feeder futures rallied for four sessions.
The commentator noted that the cattle on feed report was neutral to friendly and that high prices and rising interest and trucking costs are concerns.
Stronger cash and futures prices signal firm demand for feeder and fed cattle, which supports cattle values and raises the cost of finishing animals for feedlot buyers.
tsln.comNov 18, 2022Not 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.
