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Feeder cattle futures hit a two-week high on the Chicago Mercantile Exchange on November 13, extending a five-session winning streak. January feeder cattle settled at 335.350 cents per pound and December live cattle at 220.650 cents, after both had fallen to multi-month lows the prior week.
Stronger packer demand and expectations of higher cash cattle trade support feeder and live cattle prices, which raises the cost of cattle-feeding and the value of feed inputs tied to finishing 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.