Impact of the CoF Report on Cattle Futures Market
Monday, 26 February 2024, 15:15
Cattle Futures News
In the latest market developments, live cattle futures experienced substantial gains triggered by the CoF report. Feeders also closed the week strong, with notable increases in prices.
Key Highlights:
- Price Surge: Live cattle futures surged by $1.32 to $2.10 following the CoF report.
- Feeders Performance: Feeders recorded gains up to 1.3% on the last trade day.
- Positive Trend: USDA's confirmation of cash trade at $180.50 influenced market positivity.
- Weekly Performance: March showed a significant increase of $3.55 for the week.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.