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Beef Magazine discusses the thin cash fed cattle market, where roughly 20% to 25% of fed cattle trade occurs in the spot cash market. It argues that more cash trade would improve price discovery without government intervention.
Formula pricing for fed cattle relies on the cash price, so a thin cash market raises the risk of mispriced contracts but does not move prices by itself.
beefmagazine.comWes IshmaelJun 3, 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.
