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CME live cattle futures recovered part of the previous day's steep losses on Friday, helped by short covering at month-end. April expired at 123.1 cents/lb and June settled at 114.925 cents.
Cash cattle in the southern Plains fetched $124/cwt, down $3 on the week.
The rebound was mostly technical, and analysts doubted wholesale beef had bottomed given ample supplies. Price direction remains uncertain until demand firms.
country-guide.caTheopolis WatersApr 29, 2016Not 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.
