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CME live cattle futures rose on higher midday boxed beef and short covering, with February up $1.37 at $117.37. Choice boxed beef gained $3.30 to $201.84 and the Fed Cattle Exchange weighted average reached $115.38 versus $112.68 a week earlier.
Stronger boxed beef and cash cattle prices support live cattle values heading into 2017, while a placement number implying larger coming supply tempers the upside.
brownfieldagnews.comJohn PerkinsDec 27, 2016brownfieldagnews.comJohn PerkinsDec 28, 2016Not 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.
