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Cash cattle traded steady to lower across several regions, with Colorado live sales down 2.00 at 120.00. CME live and feeder cattle futures settled lower after a session of selling pressure, and USDA estimated the slaughter at 113,000 head.
Lower cash and futures cattle prices reduce the value of feedlot placements, which weighs on demand for feed grains and byproducts.
brownfieldagnews.comJan 26, 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.
