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Cash calf and feeder cattle prices rose $3-$7 per cwt in the week ending 6 November, with Feeder Cattle futures up an average of $1.32. Rain in the Southern Plains improved wheat pasture prospects after drought had worsened.
Stronger cattle futures and a grain rally driven by South American growing problems and a weaker dollar raise input costs for feeders, while rain on wheat pasture supports grazing supply.
cattlecurrent.comWLINov 6, 2020Not 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.
