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DTN's Shayle Stewart reports the cattle complex rallied strongly the prior week, with October live cattle up $1.28 and October feeder cattle up $3.18. Fed cash cattle traded $2 to $3 higher, but the analyst warns that weakening boxed beef could limit further gains.
Boxed beef values drive packer bids for fed cattle, so weaker beef prices threaten to cap the live and feeder cattle rally.
dtnpf.comSep 30, 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.
