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Live cattle and feeder cattle futures closed Friday higher, with feeders up $16.70 on the week. Cash fed cattle traded at $335-340 in the North and a Friday online auction cleared at $218 on a small share of offered head.
Weekly beef export sales fell to a 7-week low while shipments reached an 18-week high.
Tight cattle supplies and firm feeder prices support cattle values for buyers of cattle-related feed demand, while softer boxed beef and export sales point to limited demand support ahead.
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.