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Cash calf and feeder cattle prices followed futures higher, supported by a slowing cowherd expansion and drought. Feeder cattle futures closed about $3.95 higher week over week.
Fed cattle sold steady to $1 lower at mostly $126 live.
Drought and tighter cowherd growth support feeder cattle values, raising the cost of finishing cattle for feed buyers. Expectations of tighter beef supply underpin prices.
cattlecurrent.comWLIFeb 2, 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.
