Loading…
Cash cattle trade was very slow on March 29, with a weighted average of $131.17 at the Fed Cattle Exchange, down from $133.35 the prior week. Boxed beef cutout values fell sharply on light demand, while live and feeder cattle futures settled higher.
Lower cash cattle and cutout values pressure packer margins, but firm futures suggest traders expect support to return. Lower pork cutout values also weigh on hog prices.
brownfieldagnews.comMar 29, 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.
