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Cash fed cattle bids rose to $248-249 per hundredweight after packers offered $245, and the feeder cattle index set a new record at $377.37. Live cattle futures gained on the week as cash trade held firm.
Record cash and feeder prices reflect tight supplies and packer reluctance to chase cattle, pointing to continued upward pressure on feeder costs for feedlots.
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.