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Barchart
Barchart
Jim Wyckoff

Cattle Markets Just Hit Record Highs. Is More Price Upside Likely?

United States USDA

The live (LEJ25) and feeder cattle (GFH25) futures markets and the cash cattle (LEY00) market are scoring all-time highs on a near-perfect storm of bullish supply and demand fundamentals. February live cattle futures (LEG25) this week set a record intraday high of $209.15 a hundredweight. January feeder cattle futures (GFF25) hit a new intraday high of $282.25. The USDA reported on Monday that last week’s average cash cattle trading price hit another record high, up $5.52 from the previous week at $209.19. That’s the 10th consecutive week of higher average cash cattle prices. 

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