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US live cattle futures rose as much as 2% and feeder cattle futures gained up to 3% on January 6. The moves were attributed to tighter supplies and a strong cash market.
Tighter cattle supplies lift the cost of feeder inputs and reinforce higher finished-cattle values for feedlots and buyers.
spotonnewmexico.comJan 6, 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.
Same-day report attributes the feeder cattle futures gain of up to 3% on January 6 to tighter supplies and a strong cash market, directly matching the move's timing and size.
