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Live cattle closed higher on June 2, with June up 82 cents to $133.62 and August up $1.22 to $134.12. Cash trade was moderate at about 14,070 head averaging $141.25, and the North saw dressed bids around $222.
Higher futures and steady dressed bids indicate firm cattle values, though record feedlot supplies cap gains.
wlj.netCharles WallaceJun 2, 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.
