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CME feeder futures rose as US meatpacker slaughter recovered to about 108,000 cattle after falling below 100,000 during an immigration crackdown at southwest Kansas plants. Choice boxed beef rose $2.18 to $382.66 per cwt.
Packing recovery and higher boxed beef support packer demand and cattle prices, though further plant disruptions could back up cattle in feedlots.
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.