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Cattle futures closed higher on Friday, Aug. 29, with October live cattle up $2.72 to $239.65 and September feeders up $2.97 to $364.77.
Cash live steers traded $242-245 on about 10,000 head, and the Choice boxed beef cutout gained $1 to $415.41.
Firm cash cattle and boxed beef values support futures and signal tight fed cattle supply, keeping feeder cattle costs high for buyers.
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.