Loading…
Chicago Mercantile Exchange nearby live cattle contracts settled with modest gains on Monday, supported by discounts to last week's futures and firm wholesale beef demand. Profit-taking after new highs capped the advance, and May feeder cattle ended 0.95 cent/lb lower.
Firm cash cattle and wholesale beef prices support live cattle values, while weaker feeder futures signal softer near-term feeder pricing for feedlot buyers.
agcanada.comAGCanadaMay 1, 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.
Dated the day of the move: it describes profit-taking after new highs and weaker feeder cattle, which fits a sharp one-day pullback in live cattle futures, though it reports modest gains in nearby contracts.
