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Cash cattle negotiated prices rose in late December after a period of declines since October, with live trade in the South up $1 to about $172 and northern trade up $2-3 to $272-273. Packers, who had shown little interest for eight weeks, appeared to be returning to the cash market.
Renewed packer buying of cash cattle supports fed cattle prices and tends to lift feeder and live cattle futures, which affects feed demand from feedlots.
dtnpf.comTodd HultmanJan 2, 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.
