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Live cattle futures closed mostly lower on the CME on April 22, 2020, with June live cattle down $0.15 and April down $2.65. Light direct cash trade was reported at $100 live in Kansas and $93-98 in Texas, while feeder cattle were mostly higher ahead of USDA reports.
Lower cash bids and weak live cattle futures reflect the pandemic's pressure on beef demand and packer buying, which feeds through to feeder cattle values.
brownfieldagnews.comMeghan GrebnerApr 22, 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.
