Loading…
Cash fed cattle prices for the week ending Nov. 14 were $109.62 per cwt in the Five Area, $3.29 higher week on week.
Formula prices were around $108.58 and had been running $2 to $5 above cash for several weeks, while cash cattle weights were heavier than formula cattle.
The explanation of cash versus formula pricing clarifies the fed cattle price signal for feed buyers, but it describes known pricing mechanics rather than a new supply or demand shift.
beefmagazine.comEd CzerwienNov 19, 2020Not 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.
Cash fed cattle in the Five Area were $3.29 higher week on week, signaling firmer cash prices that supported futures and the rebound in sentiment.
