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Fed cash cattle hit a record fourth straight week at a five-area weighted average of $210.79, up $7.12. Live and feeder futures also reached all-time highs as the border remains closed to Mexican feeder imports.
Record cash prices and a positive basis support futures, while the closed Mexican border restricts feeder supply and keeps upward pressure on cattle prices.
agweb.comJan 28, 2025Not 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.
Record cash fed cattle prices ($210.79) and all-time-high live and feeder futures, with the Mexican feeder border closed, signal tight supply that supported the price jump.
