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Cattle futures closed mostly higher on March 24 as boxed beef prices edged up and feeder futures led the rally. Cash trade was light at 195 head, while formula purchases averaged $375.86/cwt.
Packers held live prices steady while raising box prices, producing the best beef plant margins in a couple of years.
Strong packer margins encourage higher slaughter and support live cattle bids, which benefits cattle feeders selling into the market.
wlj.netWLJMar 24, 2026Not 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.
