Loading…
Feeder cattle prices were higher at Monday auctions, with triple-digit gains across most CME feeder contract months. Choice boxed beef cutout rose about 2 dollars on moderate demand and light offerings.
Firmer auction prices and boxed beef strength support feeder and live cattle futures. Rising cattle values raise feedlot input costs, which can slightly affect feed demand per head.
brownfieldagnews.comadminApr 17, 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.
