
Live and feeder cattle futures extended gains on Monday after higher weekly closes, with April live cattle up nearly $4.50 and May feeders up $13.45 for the week. Analysts attributed the rally mainly to technical breakouts and fund buying rather than cash trade.
A technically driven rally without cash confirmation can reverse quickly, so buyers should watch cash trade for direction. Feeder futures strength raises the cost of replacement cattle.
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.