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Live and feeder cattle futures closed lower as cash cattle sold off and feeder cattle saw profit-taking. Boxed beef closed firm on moderate demand and light offerings.
Traders awaited the Cattle on Feed report due Friday.
Lower cattle futures and firm boxed beef show mixed signals for feedlot margins, with the upcoming USDA report a key near-term driver for feed demand.
brownfieldagnews.comMeghan GrebnerOct 16, 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.
