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The first week of 2018 saw a slow cash fed cattle market, with only about 1,950 head confirmed sold by Thursday at $122-124 live. Those prices were slightly above the prior week.
Analysts expected packers to pay up for supplies in the first full kill week, with the trend still seen as higher into mid-January.
Thin cash volume and packer buying interest support near-term live and feeder cattle prices. Futures are nearing overbought levels, which could limit further gains.
wlj.netKerry Halladay, WLJ Managing EditorJan 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.
