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Live cattle futures closed higher on November 18, 2021, with December up 92 cents to $133.15 and February up 85 cents to $137.25. Cash fed cattle traded mostly $130-134 live, with 57,608 head sold, while boxed beef cutouts fell on the day.
Firm cash trade and tight fed cattle supplies support feeder and fed cattle values, which raises the cost of finishing feed-lot animals and supports demand for feed grains and protein meals.
wlj.netCharles WallaceNov 18, 2021Not 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.
