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Live and feeder cattle futures ended higher on oversold signals, with October live cattle up $0.40 to $105.30. Cash cattle trade had not yet established bids and asking prices, and packers had ample supplies.
Technical rebounds offer little fundamental support while packer supplies remain plentiful, so feed demand from feedlots is unlikely to strengthen.
brownfieldagnews.comMeghan GrebnerAug 31, 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.
