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US live cattle futures rose on April 29, 2021, with June live cattle up 0.6 cents to 116.05 cents per pound and August feeder cattle up to 149.875 cents. USDA reported choice cutouts up $1.26 to $293.76 and net beef export sales of 23,600 tonnes.
Strong beef demand supports cattle prices, but packers' covered needs keep cash trade weak. Feed costs remain a concern for feedlots while grain prices are mixed.
thecattlesite.comGlobal Ag MediaApr 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.
