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Feeder and calf prices rose during the week, with steers and heifers trading mostly steady to $4 per cwt higher. Cash fed cattle surged to $124-$125 in the Plains after a Fed Cattle Exchange sale averaged about $122, and dressed beef in Nebraska rose $6 to $196.
Higher cash fed cattle and a positive cash basis support live cattle and feeder prices, though the discount in deferred live cattle contracts could limit gains.
montanaliving.comFeb 25, 2017Not 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.
Cash fed cattle surged to $124-125 and dressed beef rose $6 over the prior week, supporting futures strength heading into Feb 27.
