
CME live and feeder cattle futures rose on Monday, extending the prior week's rally on stronger wholesale beef prices. USDA reported Choice boxed beef up $1.13 to $394.10/cwt and Select up $1.14 to $391.01.
Lean hog futures eased on profit-taking after Friday's rally.
Firm boxed beef demand ahead of grilling season and cheaper corn support cattle values. Lower feed costs make feeder cattle more attractive to feedlots.
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.