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Cash fed cattle traded higher in the week after Thanksgiving, with live steers selling mostly at $140.86 and negotiated prices reaching the highest level since 2017. Packers had committed most purchased cattle for nearby delivery and export demand was reported strong.
Tight market-ready supplies and packer competition for cattle point to continued upward pressure on fed cattle prices.
wlj.netAnna Miller FortozoDec 3, 2021Not 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.
