Loading…
Live cattle futures were battered on a Thursday session, with February live cattle closing at $120.10 and the Choice boxed beef cutout falling to $204.50. Cash trade was $1 higher at $120 in Texas and Kansas, while packers were processing about 610,000 head.
Seasonally low beef demand and weak boxed beef values pressure live cattle futures, limiting packer willingness to pay higher cash prices.
wlj.netPete Crow, WLJ publisher emeritusFeb 24, 2020Not 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.
