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Live cattle futures traded sideways for the week, with August closing at $123.40 and October at $128.15 on Aug. 19.
Cash trade picked up, with live steers averaging $123.40 and dressed steers $200.58, and boxed beef prices rose.
Firmer boxed beef and steady cash trade support cattle values, though choppy futures reflect uncertainty that could slow new trade.
wlj.netAnna Miller FortozoAug 20, 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.
