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CME live cattle futures finished higher on cash and wholesale business, with December up $2.72 to $118.70. Direct cash trade was reported at $188-190 dressed in Nebraska and Iowa, and a USDA special sale of feeder calves brought $130.75-144.50 for steer calves.
Higher cash and dressed prices point to firm live cattle values, while strong feeder calf prices raise feeding costs for buyers of feeder cattle.
brownfieldagnews.comJohn PerkinsDec 29, 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.
