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Live cattle and feeder cattle futures traded lower at the CME, with April live cattle down $0.17 and June down $0.45. Direct cash cattle trade was at a standstill with asking prices around $130 live, and feeder cattle demand was reported good at Sioux Falls.
Routine price wrap showing modest declines in cattle futures; weak packer demand points to softer cash cattle prices in the near term.
brownfieldagnews.comMeghan GrebnerApr 23, 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.
