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Feeder cattle futures rebounded sharply last week after a stretch of contract lows, with August hitting limit-up and settling at $135.80. Live cattle futures also gained, with June settling at $110.57 and August at $105.35.
A sharp reversal from contract lows, backed by lighter fed supplies and better carcass weights, suggests cattle feeding costs and feeder prices may firm, which matters for feedlot demand for feed.
wlj.netKerry Halladay, WLJ Managing EditorJun 27, 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.
