
Live cattle futures closed higher Monday, with April up 87 cents to $233.10, after a choppy week. Feeder futures also rose, with March up $1.85 to $357.27.
Choice boxed beef gained $1.50 to $381.34 on 73 loads, while packer margins remained negative but improved.
Higher boxed beef values and restricted slaughter support cattle prices despite weak cash trade. Packers are limiting kill to protect margins, which supports futures near term.
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.