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CME live and feeder cattle futures rose sharply ahead of direct cash trade and the USDA Cattle on Feed report, with February live cattle up $1.72. Boxed beef Choice was down $2.16 and feeder steer sales in Iowa were $5 to $13 higher.
Higher cattle futures and firmer feeder prices in advance of a placement report that could show declines point to supportive cattle prices and steady feed demand.
brownfieldagnews.comJan 18, 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.
