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Cash cattle trade was unsettled on a Tuesday, with some southern steers and heifers expected around $140-142. Boxed beef cutouts rose sharply, with choice beef at 228.77, and feeder cattle prices were up $8-22 at Russell, Iowa, while flooding slowed Missouri deliveries.
Higher cutout values and firm feeder prices support cattle values and signal strong packer demand for feedlot animals.
brownfieldagnews.comMay 2, 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.
