
Fed cash cattle prices hit all-time highs last week, with Kansas live cattle trading around $213 and dressed cattle in the North at $342 to $343. Live cattle and feeder cattle futures both reached new contract highs by Friday's close.
April live cattle gained $4.43 across the week and August feeder cattle rose $3.43.
Record fed cash prices and rising futures signal tight cattle supplies that will support feeder and finished cattle values. Higher cattle prices increase the value of animals fed by buyers of rations and feed ingredients.
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.