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CME live and feeder cattle futures ended mixed ahead of USDA's Cattle on Feed report, with August live cattle down 25 cents and August feeder cattle up $1.45. Cash cattle trade was light, with live deals at $122 in the South and dressed deals in Nebraska near $126.
Live cattle and feeder prices are holding near current levels while traders await the Cattle on Feed data, leaving the price direction unclear until the report lands.
brownfieldagnews.comMeghan GrebnerJun 24, 2021Not 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.
