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Cash fed cattle prices kept grinding higher, with the Five Area weighted average steer price up 40 cents for the week ending October 26. The Southern Plains gained $2 while other regions were near steady.
Rising cash fed cattle prices support futures and feedlot returns, which underpin feed demand. Regional supply differences shape price spreads across the fed cattle market.
beefmagazine.comEd CzerwienOct 29, 2019Not 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.
