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Live Cattle and Feeder Cattle rose the most of all actively traded U.S. commodity markets over the week, outperforming vegetable proteins and hogs. U.S. cattle supply is now the lowest in 75 years, and ranchers are not rebuilding herds because selling heifers would deepen the shortage.
A historically small cattle supply with ranchers holding back breeding stock keeps live and feeder cattle prices firmly supported, which raises the cost of cattle and the feed and protein demand tied to them.
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.