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Livestock futures closed higher across the board on Friday after a strong weekly rally. February live cattle settled at $224.80, up $7.60 on the week, and January feeder cattle gained nearly $17 on the week.
February lean hogs posted their first positive weekly close since September.
Higher live cattle, feeder and hog futures signal firmer livestock margins, which can support demand for feed grains and protein meals from feeding operations.
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.