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CME cattle futures rose more than 1% on September 4 as funds bought on the first trading day of the month. Strong U.S. beef demand and a choice boxed beef cutout gain of 98 cents to $210.67 supported prices.
Feeder cattle also rallied as feed prices were near multi-year lows.
Fund buying and firm beef demand support cattle values, while low feed costs encourage feeder cattle placements. Cheap corn and DDGS support feedlot margins and feed demand.
country-guide.caKarl PlumeSep 4, 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.
