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On November 18, 2021, CME live cattle closed higher, with December at $133.15 and February at $137.25, while November feeders fell 15 cents and January feeders rose $2.45. Direct cash trade was $133-134 live, $1-2 higher than the prior week, ahead of the USDA On Feed report.
Higher cash cattle prices and firm bids support the feeder complex and point to continued strength in feed-yard demand for feed grains.
brownfieldagnews.comMeghan GrebnerNov 18, 2021brownfieldagnews.comNov 19, 2021Not 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.
