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Live and feeder cattle futures closed higher ahead of the Friday Cattle on Feed report, which came in at the high end of estimates. Cash cattle trade was steady in both the North and South, and feeder steer prices at Ogallala were firm on good buyer demand.
A firm Cattle on Feed report and steady cash trade support futures, reflecting tight fed supply.
brownfieldagnews.comMeghan GrebnerFeb 19, 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.
