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Chicago cattle futures closed higher in the week ending December 27, with February live cattle up $0.55 at $190.65 and January feeders up $2.07 at $261.37. Cash live cattle in the South traded at $192, $1 above the prior week, and boxed beef rose.
Firmer cash trade and feeder prices signal continued strength in cattle values, which supports feeder demand and feed grain use for cattle feeding.
brownfieldagnews.comMeghan GrebnerDec 27, 2024Not 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.
