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Cattle futures firmed on October 21, 2020, recovering part of the prior session's selloff, with live cattle up an average of 74 cents. Choice boxed beef rose 86 cents to $210.60 while Select fell 17 cents.
Broader stocks rose on hopes for a congressional economic stimulus deal, and the NCBA released a voluntary framework for cash trade.
A firmer boxed beef cutout and improved sentiment support cattle values, though light cash demand limits the rebound for feeders.
cattlecurrent.comWLIOct 20, 2020Not 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.
