Loading…
Live cattle futures were mixed on Monday, with the December contract up 5 cents and February down 70 cents. Cash trade was light at about 700 head with no clear trend, and boxed beef prices fell on 139 loads.
Analysts expected packers to push cash prices lower ahead of a holiday-shortened week.
Light cash trade and softer boxed beef suggest packers hold pricing power in the near term, which can pressure fed cattle values.
wlj.netAnna Miller FortozoNov 14, 2022Not 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.
