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Live cattle futures fell on April 7 as ample supplies gave packers little reason to bid up cash cattle, with June live cattle down 1.25 cents to 134 cents per pound. Drought-driven herd reductions have pushed more heifers into feedlots, and boxed beef firmed.
Drought-related placements keep feeder supplies plentiful, pressuring cattle futures even as beef cutout values hold up.
thebeefsite.comApr 8, 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.
