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Live and feeder cattle futures rose on June 6, with August live cattle up $2.22 at $175.50 and August feeders up $0.65 at $243.25. Choice boxed beef closed $7.21 higher at $321.40 on strong demand.
Direct cash cattle trade was quiet, with bids near $190 live in the North.
Strong boxed beef demand and higher cattle futures support cattle prices, and the firm cutout signals packer demand for fed cattle.
brownfieldagnews.comMeghan GrebnerJun 6, 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.
