Loading…
Live cattle futures climbed to new highs during the week, with August closing near $194.17. Feedlots held out for higher cash bids, with cash steers trading $196-200 and the market at an all-time high cash level.
Strong cash prices and tight slaughter supplies support fed cattle values, while futures catching up to cash could keep feeder cattle prices firm.
wlj.netAnna Miller FortozoJun 28, 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.
