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Cash cattle bids were scattered at $116 live and $186 dressed in feedlot country on Thursday, with asking prices near $122 live. The weekly kill was reduced by a immigrant work stoppage, and CME live cattle contracts settled mostly lower.
Lighter slaughter and a stable cutout support cattle values, but weak cash bids and sluggish trade keep futures under mild pressure.
brownfieldagnews.comFeb 16, 2017Not 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.
