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CME live and feeder cattle futures hit lifetime highs on Friday as cash fed cattle topped $200/cwt. Strong beef demand and tight U.S. supply drove the rally, and cold Plains weather slowed cattle weight gain and delayed slaughter.
Tight supply and strong packer demand for cattle keep futures and cash prices elevated, which raises feed costs for feedlots and supports demand for feed inputs.
livemint.comReutersJan 24, 2025Not 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.
Futures hit lifetime highs on Jan 24 as cash topped $200, with strong beef demand, tight supply and cold weather slowing gains and delaying slaughter, all within the window.
