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Cattle futures rose sharply at midday, with spot June and August live cattle locked at the 300-point limit. Packers bid up cash cattle to around $145-146 in the South, and beef cutouts climbed to $231.91 for choice.
Aggressive packer buying and rising cutouts lift cash and futures cattle prices, which raises feedlot costs for buyers of feed and feeder cattle.
dtnpf.comMay 3, 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.
