
Cash fed cattle held at $235/cwt live in both the North and South, and weekly slaughter fell to 508,000 head. Choice boxed beef rose $2.19 to $400.11 and April live cattle gained $3.15 for the week.
A USDA Cattle on Feed report showed inventories at 99.8% of a year earlier.
Lighter slaughter and rising beef values support cattle prices, but a growing feedlot backlog adds supply pressure later. Tight kills are keeping packer demand for cattle firm.
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.