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Live cattle futures rose sharply on Tuesday after a holiday weekend, with cash cattle traded at $123 and choice boxed beef rebounding above $200. March Chicago wheat closed up 6.5 cents at 434.25 and March corn rose 2.5 cents to 353.25.
January Class III milk slipped 5 cents to $14.03.
Firm cash cattle and boxed beef prices support feeder and live cattle values, which raise the cost of finished-animal feeding. Small moves in grain and milk futures signal routine price action without a new supply shock.
aginfo.netJan 3, 2018Not enough comparable past events yet for a historical read.
Not 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.
