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CME live cattle futures were steady to firmer after a five-session climb as beef prices leveled off. Slaughter pace increased as a Schuyler, Nebraska plant returned from planned maintenance.
Higher slaughter pace increases cattle marketings and feed use, though firm beef prices limit downside for cattle futures.
reuters.comChristopher WalljasperMar 24, 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.
