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At the CME, April live cattle closed $0.87 higher at $120.97 and April feeder cattle closed $1.95 higher at $147.07. Boxed beef closed higher to sharply higher on good demand for moderate offerings, with Choice up $1.87 at $239.53.
Stronger boxed beef and cash trade support live and feeder cattle values, which feed buyers track as a signal for cattle feeding margins and feed demand.
brownfieldagnews.comMeghan GrebnerMar 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.
