Loading…
Live and feeder cattle futures rose ahead of the USDA Cattle Inventory report due January 31, with the trade expecting a bullish figure. Boxed beef rose, with Choice up $0.34 at $268.10, and the weekly cash trade was mainly around $156 live.
Expectations of a smaller herd support cattle futures and reflect tighter beef supplies, which keeps feeder and fed cattle values firm.
brownfieldagnews.comJan 30, 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.
