
US live and feeder cattle futures closed sharply higher on Friday, with live cattle gaining $1.75 to $2.30 and feeder cattle $3.05 to $3.77. December live cattle settled at $220.650 and November feeder cattle at $339.025, with weekly gains of $6.60 and $16.70 respectively.
Cash indications were firm, with light dressed trade in the North at $335–$340 and the CME Feeder Cattle Index up $4.86 to $338.78.
Firm cash and futures prices reflect tight cattle supplies, with slaughter still below last year, which supports feeder cattle values for buyers. Traders will watch whether futures momentum holds against softer export sales and mixed wholesale beef prices.
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.