Loading…
Chicago Mercantile Exchange live cattle futures closed higher on short-covering after a six-session decline. Traders expected firmer cash cattle prices, but gains were capped by falling wholesale beef prices as the grilling season wound down after Labor Day.
Short-covering after a losing streak lifts futures, but weaker beef values limit the rally, so the feeder-side price outlook stays mixed.
reuters.comJulie IngwersenSep 2, 2021Not 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.
