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Cash calf and feeder cattle prices held steady to higher as stronger futures lifted sentiment. Feeder cattle futures gained and the CME Feeder Cattle Index reached its highest level since April.
Higher feeder prices reflect improved demand for cattle going on feed, which supports feed grain consumption. Continued strength in futures points to firm feeder cattle values.
cattlecurrent.comWLINov 1, 2019Not 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.
Week-ending Nov 1 summary notes stronger futures lifting sentiment and the Feeder Cattle Index at a high since April, consistent with the live cattle rally through that day.
Stronger futures and a feeder index at its highest since April show bullish sentiment through the week ending Nov 1.
