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Live and feeder cattle futures closed sharply higher after a recent slide, with December live cattle up $2.87 and January feeders up the daily limit of $8.25. Cash cattle deals were marked at $175 live, and Joplin feeder prices fell $8 to $17.
A rebound from recent losses in cattle futures with cash trade flat, so the bounce is largely technical and price direction is uncertain.
brownfieldagnews.comMeghan GrebnerNov 28, 2023Not 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.
