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A look at recent fed cattle cash trade shows feeders are generally meeting the trigger levels described in a recent NCBA report. The item is a brief market note with few details.
Cash trade converging with the voluntary trigger levels suggests packers and feeders are settling near expected price levels, which gives limited directional signal for feed demand.
je.stKasat Sp. z o.o.Oct 29, 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.
