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December live cattle closed $0.65 lower at $185.37 and November feeders closed $0.12 lower on October 5, pressured by outside markets and lower boxed beef. Choice boxed beef was $1.00 higher while Select was $0.10 lower, and Nebraska cash deals were steady.
Weaker futures and mixed boxed beef values signal softer cattle demand and feeder cattle prices into the fall run.
brownfieldagnews.comMeghan GrebnerOct 5, 2023Not 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.
