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August live cattle closed $0.27 lower at $133.85 while August feeder cattle closed $0.92 higher at $173.87 on June 3. Direct cash cattle trade was quiet, with Southern deals mostly at $135 and Northern dressed near $222, both about $2 lower on the week.
Kansas feeder auction prices rose $3 to $6 for steers.
Lower weekly cash trade and mixed futures reflect steady-to-softer fed cattle values, while firm feeder prices support the feeder segment.
brownfieldagnews.comMeghan GrebnerJun 3, 2022Not enough comparable past events yet for a historical read.
Not 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.
