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Live cattle and feeder cattle futures closed higher at the start of the holiday-shortened week, shrugging off Friday's On Feed numbers. February live cattle rose $1.87 to $170.40 and January feeder cattle gained $0.80 to $223.55.
Boxed beef Choice rose $0.38 to $293.31.
Firm cattle and beef values reflect steady demand and tight fed supplies, supporting feedlot margins. The move is a routine price update without a new fundamental driver.
brownfieldagnews.comMeghan GrebnerDec 26, 2023Not 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.
