Loading…
The Choice boxed beef cutout rose over $8 in four days to close at $220.08 on April 26, and the Select cutout closed near $204.48. Cash fed cattle sold at $118-125 live, averaging $122.90.
Rising cutout values support packer margins and cash cattle prices. Analysts expect further gains in May as seasonal beef demand picks up.
wlj.netKerry Halladay, WLJ Managing EditorApr 30, 2018Not 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.
