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An explainer on reading the CME live cattle deliveries report, covering how contracts are tendered, retendered and delivered. It notes heavy deliveries are currently drawing attention this month.
Heavy deliveries can signal weakness in deferred futures relative to cash, but the piece is mainly educational and gives no new price driver.
ziacommodities.comLester AldrichFeb 17, 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.
