Loading…
Live cattle and feeder cattle futures surged to start the week, with October live cattle up $2.90 to 131.95 and September feeders up $3.05 to 170.67. Wheat and corn futures also moved, with December corn down 1.5 cents and Kansas HRW wheat up 1.75 cents, and September Class III milk rose $0.40.
A sharp rally in cattle futures reflects tight fed supply and strong beef demand, supporting feeder cattle and cattle-related feed demand.
aginfo.netAug 24, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
Aug 24 surge in feeders (+$3.05) shows strong momentum and price-level context for the elevated volatility around this window, though it predates the Aug 26 move.
