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Live cattle futures settled 1.22 to 2.32 higher and feeder futures gained up to 4.42 on strong buyer support. Cash cattle asking prices were near 108.00 live in the South, and Choice boxed beef rose to 185.63.
Higher futures and firm boxed beef values signal stronger cattle prices, which can help feeder cattle prices firm and support demand for cattle-based feed.
brownfieldagnews.comNov 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.
