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Cattle futures faltered through the week ending August 30, 2019, after an initial bounce on a US-Japan trade deal and a neutral Cattle on Feed report. Wholesale beef values moved lower toward pre-fire levels, and feeder futures closed about $1.91 lower.
Lower wholesale beef and expected fall feeder supplies point to continued pressure on feeder and fed cattle prices.
cattlecurrent.comWLIAug 30, 2019Not 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.
Cattle futures faltered through the week ending Aug 30 with feeders closing about $1.91 lower as wholesale beef values fell back toward pre-fire levels, consistent with the late-August drop.
Cattle futures faltered through the week ending Aug 30 as boxed beef fell toward pre-fire levels, which carried weakness into the Sept 2 session.
