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CME December live cattle futures settled up 0.25 cent at 108.55 cents per pound on November 2, supported by rising wholesale beef. Choice boxed beef rose 55 cents to $208.65 per cwt and CME feeder futures were mixed after a five-session climb.
Firmer wholesale beef and cattle futures support fed cattle values and packer demand for cattle, with routine price moves having limited impact on feed demand.
thecattlesite.comNov 3, 2020Not 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.
