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CME cattle futures closed higher on Friday on stronger wholesale boxed beef prices and buying interest. August live cattle settled at 213.3 cents/lb and feeders at 307.90 cents/lb, while the choice cutout rose to $396.49/cwt.
Rising wholesale beef values support live and feeder futures, though analysts warn that waning consumer beef demand could limit gains.
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.