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CME live cattle and feeder cattle futures rose sharply on June 26, shrugging off bearish cash trade and cattle-on-feed data from the prior week. Feeder futures were mostly up the daily limit of $4.50 on light volume, with traders expecting solid July 4 beef demand.
Higher cattle futures reflect expected holiday beef demand, which supports feeder cattle values and feeding margins, a modest positive for cattle-feed demand.
brownfieldagnews.comJohn PerkinsJun 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.
