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Live cattle futures were mostly lower ahead of direct cash cattle business, with December up $0.10 at $115.42. Feeder cattle were mixed, with November up $0.47 at $149.97, supported by a lower corn market.
Asking prices were $118 live and $185 dressed, with bids around $180 dressed in Iowa and Nebraska.
Cash bids below asking prices and mixed futures indicate an uncertain near-term cattle price direction until widespread trade occurs.
brownfieldagnews.comNov 6, 2018Not 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.
