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Negotiated cash fed cattle rose about $1 to $107 per cwt live in the Southern Plains, with Nebraska also at $107. Cattle futures rallied Monday on higher wholesale beef and the reported coronavirus vaccine efficacy.
Corn and soybean futures were little changed to modestly higher.
Higher boxed beef and cash prices support live cattle values, while the broader equity rally adds to demand sentiment for beef.
cattlecurrent.comWLINov 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.
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.
