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Calves and stocker cattle sold higher at auctions in the last full week of March, with receipts at 201,200 head. Feeder cattle futures rallied to new contract highs, led by May.
Tight supplies of lightweight cattle and strong order buyer demand support feeder cattle prices, which raises the cost of feeding cattle for buyers.
drovers.comGreg HendersonMar 29, 2021Not 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.
