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A light cattle trade occurred in parts of the South on March 1, 2017, at $125.00, roughly steady with the prior week. The Fed Cattle Exchange weighted average was $124.99, up from $122.10.
Live cattle futures were mixed, with April lower, and feeder cattle contracts ended lower.
Cash cattle firmness is supportive, but futures weakness and limited trade activity point to choppy near-term pricing. The moves reflect routine trading rather than a new supply or demand shift.
brownfieldagnews.comMar 1, 2017Not 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.
On March 1 live cattle futures were weaker (April lower) and feeders ended lower despite steady cash trade, indicating a futures-driven selloff after the rally.
