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Cash cattle trade started slowly the week of November 15, 2021, but packers paid a couple of dollars more by week's end, with live steers near $131.42 for the week ending November 13. Cash volume of 118,797 head was the largest weekly total of 2021, and futures rose ahead of Thanksgiving.
Tight market-ready fed cattle supplies and higher packer bids point to firmer fed cattle prices, supporting cattle feeding margins and feed demand.
wlj.netAnna Miller FortozoNov 19, 2021Not 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.
