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Fed cattle prices surged to $108-110/cwt. in many cash markets last week after a period of declines. The Choice cutout rose almost $3 to $185.68, with primal rib leading to its highest value since June.
Tighter fed cattle supply and stronger beef wholesale values support live cattle and feeder prices, though a large beef inventory still limits upside.
feedstuffs.comKrissa Welshans 1Dec 1, 2016Not 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.
