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CME live cattle futures finished higher in the most-active contract after recovering from an early two-week low. Other contracts were mixed as the market paused following a recent rally in cash cattle prices.
Cash fed cattle traded steady from the prior week at $150 per cwt in Kansas and Texas and $153 in Nebraska.
Firm cash cattle prices support live cattle futures, which tend to track cash trade. A pause in the rally signals that buyers are still assessing the market's footing.
reuters.comTom PolansekNov 3, 2022Not 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.
