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Live and feeder cattle futures closed sharply higher at the CME on an oversold bounce. April live cattle rose $2.62 to $101.92 and April feeder cattle gained $1.87 to $121.92, while direct cash trade was quiet with few packer bids.
A technical rebound after a steep sell-off lifts futures but thin cash trade leaves the direction of fed cattle values uncertain for feeder buyers.
brownfieldagnews.comMeghan GrebnerMar 31, 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.
