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The Oklahoma National Stockyards reported 5,500 feeder cattle on Nov. 9, up from 4,394 the prior reported week and below 6,113 a year earlier.
Demand was described as moderate to good, though cattle were not well tested early in the session; the supply was entirely feeder cattle, with steers making up 56% and heifers 40%.
The larger weekly offering may add near-term supply and temper feeder prices, but the report provides no clear broad price trend and demand remained moderate to good.
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.