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Live cash cattle deals were mostly $118 on December 3, about $1 above the prior week, with dressed trade at $180-185. Boxed beef firmed, with Choice up $.51 at $213.12, while feeder cattle receipts at Oklahoma were up and calf prices were lower.
Firm cutout values and higher cash cattle support the feeder complex, though lower calf prices signal soft feeder demand.
brownfieldagnews.comMeghan GrebnerDec 3, 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.
