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Fed cattle traded 1.00 lower at $177.00 for the week ending November 24, while feeder cattle fell 3.00 and national feeder steer average dropped to $228.61. Live and feeder cattle futures both fell sharply on Friday, with feeder futures down 7.83 to 9.18 across the front months.
Weekly declines in cash and futures prices reflect softer cattle values, with prices still well above a year ago.
cattlerange.comNov 25, 2023Not enough comparable past events yet for a historical read.
Not 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.
Weekly summary shows feeder futures down 7.83-9.18 across front months on Friday and lower cash feeder averages, directly capturing the move.
Weekly overview shows fed cattle cash 1.00 lower and sharp futures declines on Nov 24, which reflects the weak sentiment and price pressure behind the move.
