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Live cattle were mixed and feeder cattle lower on Feb. 19 ahead of USDA's On Feed report.
April live cattle closed at $243.42 and March feeders at $370.27. Nebraska feeder steers sold at $423-$457, and Choice boxed beef was $365.17.
Lower feeder futures reflect cautious trading ahead of the USDA report, with no major new cause. Cash feeder demand remains firm, which limits downside.
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.