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Live cattle futures closed mixed on April 1, 2022, with the April contract down 72 cents to $138.65 and June down $1.27 to $135.85. Cash fed cattle traded at $138-142, averaging $140.09, and the Choice boxed beef cutout fell $1.25 to $267.14.
Routine daily price moves with no new fundamental shock; packers expect heavier Q2 slaughter, which keeps supply pressure on fed cattle prices.
wlj.netCharles WallaceApr 1, 2022Not 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.
