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CME live and feeder cattle closed higher ahead of USDA's semi-annual Cattle Inventory and Cattle on Feed reports. Cash cattle trade was quiet, with live deals mostly around $136 and feeder cattle futures up more than $3.
Tight feeder supply and strong futures support higher cattle prices, with the pending USDA reports seen as neutral to supportive; corn's decline also helped feeder futures.
brownfieldagnews.comMeghan GrebnerJul 22, 2022Not enough comparable past events yet for a historical read.
Not 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.
