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DTN reported cattle futures steady and feeder futures higher on May 28, with no specific news behind the gains. Boxed beef was mixed, with choice up $1.82 and select down $1.01.
Some light cash trade occurred at even money.
Firm cash trade and the futures discount to cash support cattle prices, which supports demand for feed in cattle finishing.
Not enough comparable past events yet for a historical read.
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.