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CME live cattle and feeder futures rose on June 28 on short covering, with August live cattle at $115.62 and August feeders at $146.40. Boxed beef fell sharply on light demand and heavy offerings, and the weekly cattle slaughter was 118,000 head.
Sharply lower boxed beef weighs on cattle values, while a weak corn trade supports feeder cattle prices through cheaper feed.
brownfieldagnews.comJohn PerkinsJun 28, 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.
