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Cattle futures closed lower ahead of expected cash trade, with August live cattle down $0.50 to $106.42 and feeders down $1.10. Cash asking prices were expected around $112 to $114 live as the market awaited USDA Cattle on Feed numbers.
Feeder and live cattle prices remain sensitive to cash negotiations and the upcoming USDA report, which could drive the next price move.
brownfieldagnews.comMeghan GrebnerJul 17, 2018brownfieldagnews.comJul 18, 2018Not 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.
