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Fed cattle traded $2 to $4 higher on a live basis, with the five-area weighted average at $131.62 live. Feeder cattle futures gained $13 to $18 over seven weeks.
Cash fed cattle prices were holding at a premium to futures.
Firm cash prices and strong slaughter support futures, while the premium of cash over futures suggests the rally could continue to pull feeder prices higher. Feeder buyers face higher input costs.
northernag.netApr 24, 2017Not 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.
