Loading…
Live cattle futures on the CME settled 1.20 to 1.85 higher, with triple digit gains in all contract months. Feeder cattle closed 1.35 to 2.65 higher, pushing prices back above 150.00 per hundredweight.
Boxed beef choice rose 0.29 while select fell 1.27.
Renewed commercial and investment buying lifted cattle futures, supporting feeder and fed cattle values. The move reflects sentiment and demand rather than a change in supply.
brownfieldagnews.comMay 31, 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.
