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Texas feeder cattle auctions quoted prices $5 to $15 lower, while October feeder cattle futures rose $4.03 to $128.00 per cwt. Fed cattle cash trade was inactive and boxed beef was mixed.
Cotton futures rose, and fall armyworm activity was reported in parts of Texas.
Mixed cash and futures moves in cattle signal no clear direction for feeder demand, so feed buyers should expect range-bound cattle pricing in the near term.
texasagriculture.govOct 4, 2016Not 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.
