Cattle futures closed higher on Wednesday for a third straight day, except December live cattle, which was pressured by the Goldman roll. Cash cattle fell $8.30 last week to an average of $215.43, with trade concentrated in northern cattle carrying heavy weights.
Futures are rising while cash prices fall, a disconnect that could resolve as tighter cattle numbers return in a few weeks. Feeder buyers should watch whether cash firms and the short-term bottom holds.
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.