# Pete's Comments: Sell more beef | Western Livestock Journal

> Western Livestock Journal columnist Pete Crow wrote that cattle markets were holding in early May 2018, with packers raising kill levels to match out-front orders. Cash live cattle traded around $120 to $126, while the June live cattle contract was near $107, creating a record basis for feeders. Retail beef sales were reported better than expected.

- Date: 2018-05-07 · published 2018-05-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/10634-pete-s-comments-sell-more-beef-western-livestock-journal
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A wide discount of June futures to cash cattle and firm retail beef demand point to near-term support for cash prices, while futures are expected to converge. Feeders who hedged are favored by the basis.

## Read by commodity

- FCATTLE: neutral
- LCATTLE: neutral

## Sources

- wlj.net: https://www.wlj.net/petes-comments-sell-more-beef/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.