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CME live cattle futures were mostly higher on June 29 in light volume, following strength in hogs and short covering. Cash cattle traded lower on the week and boxed beef closed sharply lower on weak demand and heavy offerings.
Falling cash and boxed beef values signal weakening packer margins ahead, though futures firmness limits the immediate downside for cattle prices.
brownfieldagnews.comJohn PerkinsJun 29, 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.
