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Cattle feeders and packers failed to agree on a price early in the week, pushing trade to late week, which has become common this year. Live cattle futures were pressured lower, while feeders held firm because closeouts were deeply negative.
Strong beef demand was cited as supporting the market.
Packer resistance and falling futures signal pressure on cash cattle prices, though feeder resistance limits the downside. Feed buyers should expect continued volatility in cattle-related demand.
tscra.orgWritten by: kristinSep 5, 2018Not 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.
