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US live cattle futures hit a four-week high on 9 November and feeder cattle reached their highest in over five weeks after reports of a COVID-19 vaccine. Pfizer said its vaccine was over 90 percent effective in a large trial, lifting broader markets.
Traders also awaited a USDA supply and demand report.
Vaccine-driven optimism about economic recovery and beef demand lifted cattle prices, while expected USDA cuts to corn and soy estimates point to firmer feed costs for feedlots.
thecattlesite.comGlobal Ag MediaNov 10, 2020Not 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.
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.
