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Live cattle and feeder cattle futures closed mixed at the CME ahead of USDA's On Feed report, with April live cattle up slightly and June lives down. Cash cattle trade firmed, with dressed deals in Nebraska at $262 and live deals in the South at $162 to $164, both higher week over week.
Feeder cattle auction prices rose at Pratt, Kansas.
Firmer cash and feeder cattle prices reflect tight fed cattle supplies, which supports feeder and live cattle values and feed demand from feedlots.
brownfieldagnews.comMeghan GrebnerFeb 24, 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.
