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Live cattle futures rose over $5 for the week, with April at $167.55. Cash fed steers traded $165-172 through Thursday as packers covered tight slaughter needs.
Tight market-ready fed supplies and packer demand point to higher fed cattle prices, with weather-delayed northern marketings supporting the outlook.
wlj.netAnna Miller FortozoMar 31, 2023Not 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.
Futures up over $5 and cash firming through March 31 supplied momentum into the start of the window as packers covered tight slaughter needs.
