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Cash fed cattle sold $4 to $9 higher, mostly at $125 per cwt, after aggressive gains late Thursday and Friday. Live cattle futures rose about $2.79 and feeder futures about $2.82 on Friday.
Choice boxed beef gained 49 cents to $208.74 per cwt.
Stronger cash trade and higher boxed beef values lift cattle futures, while feedlots' restocking demand supports feeder cattle prices.
cattlecurrent.comWLINov 5, 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.
