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Live cattle and feeder cattle futures rose on short covering and supportive outside markets, with February live cattle above $127 and March feeders up about $1.47. Cash cattle traded steady near $126 live, boxed beef rose, and drought conditions were noted in major feeding areas.
Steady-to-higher cash cattle and drought-related pressure on feeding areas support cattle prices and can raise feeding costs for producers.
brownfieldagnews.comFeb 12, 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.
