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Live cattle traded steady near $190 for most of the week after a sharp futures sell-off. Steer carcass weights rose 10 pounds week over week and were 33 pounds above year-ago levels, and the Department of Justice is reportedly investigating cash cattle trade issues.
Heavier carcass weights add beef supply and cap cattle prices from reaching $200. Tight feeder supplies still give producers pricing leverage.
tsln.comNov 1, 2024Not 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.
