Loading…
Cattle prices finished the week higher, with Nebraska live cattle trading at 137.50 and dressed at 216.00. CME live cattle contracts closed mixed to higher on Friday, and feeder contracts gained 0.32 to 1.65.
Feeder steers at Missouri auctions sold mostly 5.00 higher on light supplies.
Light slaughter and firm cash trade supported futures, which points to firmer feeder and fed cattle values for buyers. The gains are a routine weekly move with no major new supply shock.
brownfieldagnews.comJun 2, 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.
