Loading…
Live cattle closed higher on December 1, with February live cattle up $0.70 to $138.60 and January feeder cattle up $0.97 to $165.82. Boxed beef fell, Choice closing $1.46 lower, and cash trade remained at a standoff with bids at $138 live.
Firm feeder and live cattle futures reflect tight supplies, while softer boxed beef suggests limited packer margin room for further gains.
agseednetwork.comBlog AuthorDec 23, 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.
