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Cash cattle traded several dollars higher the week ending Oct. 24, with live steers averaging $126 and dressed steers $199.
Live cattle futures rose through the week before losing momentum Thursday, while boxed beef prices began climbing ahead of the holidays.
Firmer cash and boxed beef prices support feeder and live cattle values into the holiday period, which can support demand for feed grains and byproducts in feedlots.
wlj.netAnna Miller FortozoOct 29, 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.
Cash cattle traded several dollars higher and futures rose through the week, with boxed beef starting to climb ahead of the holidays, which is a direct demand and price signal for the rally.
