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Live and feeder cattle futures were mixed on April 29 as direct cash trade came in $9 to $10 higher in the South and $14 higher on dressed deals in the North. Boxed beef closed lower and slaughter fell about 12,000 head year over year.
Cash prices firming supports futures, but lower boxed beef and reduced slaughter show mixed demand signals for buyers. Feed costs are not directly moved by this routine wrap.
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.