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Feeder cattle traded mainly steady to higher the week ending June 30, while cash fed cattle fell $3-$5 to mostly $118-$119 per cwt. Drought in the Northern Plains is pushing feeder cattle and stocker cows to market earlier than usual.
Drought-driven early marketing of feeders adds near-term supply, while lower cash fed cattle and cutout values signal softer beef demand heading into the July holiday.
cattlecurrent.comWLIJul 2, 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.
