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CME live and feeder cattle futures were supported by commercial buying ahead of the USDA Cattle on Feed report. Cash cattle trade was limited, with scattered live and dressed sales.
Boxed beef closed mixed on light to moderate demand.
Cattle price direction depends on the upcoming Cattle on Feed numbers, with the wholesale beef trend showing signs of topping out.
brownfieldagnews.comAug 22, 2019Not 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.
