Loading…
February live cattle closed $1.05 higher at $171.80 on January 11, while feeder cattle also gained. Northern dressed cash trade was marked at mostly $273, steady to $2 below the prior week, and winter weather hindered trade volume across the country.
Modest futures gains against lighter cash trade reflect weather-disrupted activity rather than a new supply or demand shift, so the price impact is limited.
brownfieldagnews.comMeghan GrebnerJan 11, 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.
