Loading…
Cattle futures closed mostly higher in a choppy session ahead of the Cold Storage report, with June live cattle at $104.90 and August feeder cattle up $0.22. Choice boxed beef fell $1.47 to $229.35 on light to moderate demand, and the cash cattle market was slow to give direction.
Flat cash trade and softer boxed beef leave cattle prices without clear direction ahead of the Cattle on Feed report, which keeps feeder and live cattle values range-bound for buyers.
brownfieldagnews.comMeghan GrebnerMay 22, 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.
