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Direct cash cattle trade stalled with no bids, while asking prices in the South were $109 to $110 live. A Fed Cattle Exchange sold 296 of 634 head at a weighted average of $107.
Boxed beef rose on good demand and feeder cattle prices gained at South Dakota auctions.
A cash market standstill points to cautious packers, though firm boxed beef and strong feeder demand support cattle values.
brownfieldagnews.comMeghan GrebnerNov 5, 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.
