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Boxed beef prices have not yet made a seasonal top for 2024, with a major Kansas packing plant dark due to roof damage. Feeder steer prices at the Corn Belt Classic video auction were higher than a year earlier.
Tighter product availability from the Kansas plant outage supports boxed beef and cash cattle prices. Thin supplies of market-ready cattle suggest limited summertime downside for fed cattle and feeders.
dtnpf.comShayLe StewartJul 3, 2024Not 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.
