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On November 12, feeder cattle futures closed $3.05 to $4.15 higher and the CME Feeder Cattle Index rose $3.31 to $333.92, while December live cattle closed 7 cents lower at $218.90 per cwt. Weakness in corn was cited as supportive for feeder cattle after a nine-day selloff in both markets.
Cheaper corn supports feeder cattle values by improving feeding economics, while live cattle remain under pressure from demand uncertainty, so the split is largely a technical correction.
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.