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A technical market commentary discusses whether live cattle futures will set new contract highs while cash cattle weakens, and whether to market feeder cattle soon. The author notes a wide basis and that a $135 bid on the Fed Cattle Exchange is not buying cattle.
A wide futures-cash basis limits futures downside until cash prices weaken, so feeders face timing decisions on marketing ahead of summer supply.
farmprogress.comChris Swift 1Apr 26, 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.
