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Fed cattle exchange auction sold 3,492 head at 104.00 to 106.00 per cwt, with asking prices of 108.00 to 110.00 in the South. Live cattle futures were mixed to higher and feeder futures ended higher, and Choice boxed beef rose to 187.44.
Firm cash and cutout values with higher feeder futures point to modestly stronger cattle prices, a routine market move with limited feed demand impact.
brownfieldagnews.comNov 2, 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.
