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Fed cattle traded $1 higher on a live basis, mainly at $119, with dressed prices mainly $189 to $190. The five-area weighted average was $118.76 live, up $1.76 on the week.
Choice and Select beef cutouts also rose modestly.
Steady-to-higher cash fed cattle prices and rising deferred futures support feeder cattle values and suggest firmer prices into early 2019. Feedlots are likely to hedge at these levels.
u.osu.eduSmith atJan 2, 2019Not 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.
