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Live cattle futures broke through long-standing resistance levels in the week ending September 22 and traded near limit-up at times. Traders linked the move to expectations that cash fed cattle would rise $1-2 or more on smaller showlists and higher Southern Plains trades at the Fed Cattle Exchange.
Expected higher cash fed cattle prices and tighter near-term supply are pushing futures up. Feedlot margins and feeder cattle values will track whether cash trade confirms the rally.
wlj.netKerry Halladay, WLJ Managing EditorSep 26, 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.
