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CME live cattle closed mostly higher on March 27, with April lives up $0.50 to $183.60 and April feeders up $1.42 to $246.87. Direct cash trade saw live deals in Kansas at $185, and feeder calf receipts were lower on the week.
Higher live and feeder cattle futures and cash bids reflect tight cattle supplies, supporting cattle prices and feed demand from feedlots.
brownfieldagnews.comMeghan GrebnerMar 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.
