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Live cattle futures were mixed on low holiday volume, with early cash asking prices at $158 live and light trade reported near $158. Beef prices held steady and beef cutout topped $280.
November cattle placements totaled 1.93 million head, 2% below a year earlier, while lean hogs were mixed to lower.
Firm beef values and light cattle placements support fed cattle prices and reduce near-term feeder supply, a bullish signal for cattle-related feed demand.
blog.loewenassociates.comDec 29, 2022Not enough comparable past events yet for a historical read.
Not 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.
