Loading…
Cattle futures closed sharply lower on August 23, 2019, on record July red meat production, a sharp rise in frozen beef supplies and weaker outside markets tied to US-China trade tensions. Choice boxed beef fell $1.76 to $237.52/cwt.
Heavier red meat supplies and weaker export expectations reduce demand for live and feeder cattle, pushing futures lower.
cattlecurrent.comWLIAug 26, 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.
