Loading…
CME June live cattle settled up 0.7 cents at 165.525 cents per pound ahead of USDA monthly feedlot data. Choice boxed beef rose to $298.31 per cwt and select to $283.61.
Firm boxed beef and live cattle futures reflect tight supplies and support feeder and fed cattle values heading into the monthly feedlot report.
reuters.comJulie IngwersenMay 19, 2023Not 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.
