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Live and feeder cattle futures climbed in the first full week of trade for 2023, with bullish sentiment across the complex. Cash cattle traded higher last week, with southern live deals at $157 and northern dressed near $252.
Boxed beef prices kept rising, and carcass data showed thin supplies of market-ready cattle.
Thin front-end supplies and rising boxed beef values support higher cash and futures prices, pushing packers to run harder to meet demand.
dtnpf.comShayLe StewartJan 9, 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.
