Loading…
Cash cattle rose $2 in the week ending July 26 despite packers cutting slaughter throughput, with live and feeder cattle futures posting strong weekly gains. The CME feeder cattle index closed July 26 at $258.75.
Strong cattle demand and tight packer-driven supply support higher live and feeder cattle prices, while packer losses may eventually reduce slaughter and pressure cash prices.
dtnpf.comShayLe StewartJul 29, 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.
