Loading…
Live and feeder cattle futures closed higher at the CME on March 27, with April feeders up $2.82 and May feeders up $3.82. Boxed beef rose on solid demand for light offerings, and lean hog futures also advanced.
Higher cutout values and tight fed supplies support cattle futures, and firm pork values lift hog prices. This is routine market movement.
brownfieldagnews.comMeghan GrebnerMar 27, 2023Not enough comparable past events yet for a historical read.
Not 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.
Feeder futures surged on March 27 (April +$2.82, May +$3.82), a large single-day gain inside the 5-day window that accounts for much of the move.
