Loading…
CME live cattle closed higher for a second session on July 12 as cash strength tied to tighter US cattle supplies lifted prices, and tumbling corn prices supported feeder futures. August live cattle settled up 1.375 cents at 173.875 cents per pound and August feeders rose 1.750 cents to 240.250 cents.
Tightening supplies and firm cash markets support cattle prices, while lower corn prices improve feeder economics. The move is a routine market update without a new policy or supply shock.
thebeefsite.comMelanie EppJul 17, 2023Not enough comparable past events yet for a historical read.
Not 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.
