Loading…
Cattle futures closed higher on January 7 as contracts were oversold, with February live cattle up $1.27 and January feeder cattle up $1.10. Direct cash cattle trade was quiet at the start of the new year, with bids and asking prices yet to surface.
Oversold futures bouncing with buyer support lifts cattle prices, while quiet cash trade leaves the direction of spot prices uncertain until the week's trade develops.
brownfieldagnews.comMeghan GrebnerJan 7, 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.
