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Negotiated cash fed cattle traded mainly steady to $1 higher at $115/cwt live and $182 dressed, per USDA reports. Live cattle futures closed lower on average while feeder futures closed higher, and Choice boxed beef fell 26 cents to $240.80.
Steady-to-firmer cash cattle and strong boxed beef support feeder and live cattle values into the holiday season, which supports demand for feed through longer feeding periods.
cattlecurrent.comWLINov 17, 2019Not 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.
