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Negotiated cash fed cattle trade stayed thin through USDA's Friday report, with live sales near $115/cwt and some dressed trade at $183. Live and feeder cattle futures were mixed, and traders hoped for a boost if US-China trade differences were resolved amid African Swine Fever-driven pork import needs.
Expected Chinese pork shortfall from ASF could lift demand for US beef and protein, supporting cattle futures if a trade deal materializes.
cattlecurrent.comWLIDec 1, 2018Not 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.
