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Cattle futures finished the holiday-shortened week higher on December 27, with the February live contract at $190.65 and cash steers selling at $192-196 live. Boxed beef also climbed, and packers bought fewer cattle the prior week.
Northern feedlots were asking $310 dressed.
Light packer buying and firm boxed beef support higher cash cattle prices, which in turn lift feeder values and the outlook for feed demand.
wlj.netCharles WallaceDec 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.
