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Live cattle futures rose after Memorial Day, with June up nearly $7 to $174.90 and August up nearly $8 to $172.37. Cash trade totaled about 45,000 head, with live steers averaging $180.24 and dressed steers averaging $289.21.
Rising cash prices and tight market-ready supplies support cattle values, which tends to keep feeder and finishing costs high for feed buyers.
wlj.netAnna Miller FortozoJun 2, 2023Not 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.
Post-Memorial Day futures surge with June up nearly $7 and August up nearly $8 on stronger cash trade directly explains the move.
Post-holiday futures surge with June up nearly $7 and August up nearly $8 on strong cash trade directly captures the move.
