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Cash beef prices in the US and Western Canada were firming in early June while live cattle futures sat well above cash. Analysts expected the gap to close as slaughter capacity returned and June futures converged toward cash.
Packer slaughter recovery should pressure cash fed cattle lower while futures discount the spread, pointing to weaker live cattle prices near term.
realagriculture.comRealAgriculture News TeamJun 6, 2020Not 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.
