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December live cattle closed at $228.35/cwt, up $1.30 for the week of October 12, while November feeder cattle closed at $341.90, down 5 cents. Analysts said futures were quiet after the October 9 WASDE-driven rally, with feeder cattle stalling at the 200-day moving average.
Routine price moves with resistance levels near current prices offer no new supply or demand shock, so the outlook for feed buyers is largely unchanged.
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.