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Cash cattle trade is strengthening, with Southern Plains feeders selling 15-20% of cattle on the cash market. A Texas Cash Pool sold about 1,200 head at $112.55, up $2 from the prior week, as boxed beef cutout climbed to $230.
Rising packer margin pressure and a higher cutout favor stronger cash cattle prices. More cash trade improves price discovery and supports the fed cattle market.
wlj.netPete Crow, WLJ publisher emeritusJan 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.
