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Scott Varilek's TSLN commentary says cash feeder prices started the summer better than expected, with live cattle trading as high as $116 in the north. Posted weights were seven pounds below a year earlier, and the market was overbought for the first time in three months.
Lighter weights and strong northern cash prices signal firm near-term cattle demand, while higher corn and basis factors cut feedlot days on feed.
tsln.comJul 12, 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.
