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Nevil Speer reviews the historical spread between the CME Feeder Cattle Index and deferred live cattle futures, which has averaged about $32 per cwt since 2016. He says the fall feeder marketing season is approaching and pricing should start from the deferred live cattle contract.
The stable feeder-to-deferred spread gives buyers a pricing benchmark for the fall run, with deferred futures setting the direction for feeder cattle values.
beefmagazine.comNevil SpeerAug 16, 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.
