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Live cattle futures traded in a narrow range the week of June 26, with August live cattle closing at $96.10. Feeder contracts traded between $132 and $135, and cash trade was slower as packers took in more formula grid cattle.
Feeder futures gave back intraday gains and the cash trade was thin, signalling soft demand for feeder cattle and limited upside for feeder prices.
wlj.netPete Crow, WLJ publisher emeritusJun 26, 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.
