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Light to moderate direct cash cattle trade last week saw Southern live deals at $186, $2 lower, and Northern dressed business at $299-$300, also lower. Kansas auction feeder steer prices were mixed, with lighter steers higher and heavier steers steady to lower, while Nebraska hay prices fell.
Softer cash fed cattle prices and mixed feeder prices signal a brief pullback in the cattle complex, though lighter feeder support persists. Lower hay prices reduce feed costs for cattle feeders.
brownfieldagnews.comMeghan GrebnerMar 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.
Lower Southern and Northern cash cattle trades reported for the week ending March 29 signal softer cash prices that could weigh on live cattle futures at the end of March.
