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CME live cattle futures rose ahead of USDA cattle on feed and inventory reports, while feeder cattle gained on lower corn prices. Cash cattle trade was steady to slightly higher in several feeding areas and boxed beef was mixed.
Routine price moves with steady cash trade show no major new supply or demand shift, though expanding herd numbers cap upside for cattle prices.
brownfieldagnews.comJohn PerkinsJul 21, 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.
