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Live cattle closed higher ahead of anticipated export sales, while feeder cattle moved lower on position squaring before the Cattle on Feed report. Boxed beef closed weak on light to moderate demand.
Direct cash cattle trade was quiet with few bids.
Weak boxed beef and quiet cash trade signal limited near-term feedlot demand, though export expectations offer some support for cattle prices.
brownfieldagnews.comMeghan GrebnerOct 18, 2017Not 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.
