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Live and feeder cattle futures closed higher on sharply higher boxed beef values. June live cattle closed $1.35 higher at $209.60 and May feeder cattle rose $1.27 to $291.80.
Oklahoma feeder steers and heifers traded $5 to $13 higher.
Stronger beef values and tight feeder supplies support cattle prices, which raises the cost of finishing feed 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.