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US live cattle futures closed lower on 1 June even though cash cattle traded at a premium to nearby futures. Feeder cattle futures rose that day, and the USDA reported southern Plains cash at $118.
Cash premium to futures and a packer backlog of market-ready cattle point to downward pressure on live cattle futures as the gap converges.
thecattlesite.comGlobal Ag MediaJun 1, 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.
