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Walsh Trading's weekly wrap says cattle futures gapped higher, pulled back, then rallied to new weekly highs by Friday, led by feeders. Traders responded to bullish August placements and on-feed numbers, while slaughter was disrupted by immigration enforcement in Kansas.
Expectations of cash prices rebounding and tight placement-driven supplies support feeder and live cattle prices into October.
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.