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Live and feeder cattle futures on the CME closed higher on strong wholesale values and pre-trade optimism, with April live cattle up $0.47 to $126.17. Cash cattle trade was quiet, with bids and asking prices yet to surface.
Boxed beef firmed on light to moderate demand and offerings.
Firm boxed beef and optimism ahead of cash trade support live and feeder cattle values in the near term. Routine price moves like this carry limited new information for feed buyers.
brownfieldagnews.comMeghan GrebnerApr 1, 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.
