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DTN analyst ShayLe Stewart says the cash cattle market has posted gains in price levels, sold volumes and slaughter speeds over the past month. Cash cattle volumes and prices have both risen through November.
Strong cash trade sets the reference price for fed cattle and signals firm packer demand, which supports feeder cattle values and the demand for finishing feed.
dtnpf.comShayLe StewartNov 22, 2021Not 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.
