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August live cattle closed $1.22 higher at $134.12 and August feeder cattle closed $3.22 higher at $172.95 on June 2. Direct cash trade was very light, with Southern live deals at mostly $135 and Northern dressed at $222.
Boxed beef Choice closed $0.77 lower at $266.65 and Select rose $0.72.
Higher futures on follow-through buying and steady cash bids point to firm cattle values, with softer Choice boxed beef a modest offset.
brownfieldagnews.comMeghan GrebnerJun 2, 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.
