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Live cattle futures fell sharply on March 29, with near limit-down losses across the board, and the April contract settled at $113.75. Cash fed cattle prices averaged $121.68 live, about $2 lower than the prior week, and cash beef declined through the week.
Lower cutout values and falling cash cattle prices weigh on feeder and fed cattle values. The sharp futures sell-off reflects weakening beef demand and rising supply.
wlj.netKerry Halladay, WLJ Managing EditorApr 2, 2018Not 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.
Live cattle futures fell near limit-down on March 29 amid oversold conditions and lower cash, which spilled over into feeder futures.
