Bitterly cold temperatures disrupt the livestock trade. December 23, 2022
This week was a clear win for the beef complex. February live cattle futures ended +1.97 for the week. Nearby and deferred contracts pushed to new contract highs this week. Feeders saw strength as well with +2.05 for the March. Today's session ended with new highs for this 2 1/2 month long uptrend. The Great Chill event this week, along with several other factors, were drivers.
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