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CME cattle futures ended slightly higher after a late recovery, with August live cattle up $0.30 at $105.50 and August feeder cattle up $0.30 at $142.90. Direct cash cattle trade was light to moderate, with dressed sales around $165 to $166.
Modest cattle gains with stable cash trade give little new direction for feed demand, so the impact on feed prices is limited.
brownfieldagnews.comMeghan GrebnerAug 30, 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.
