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Live cattle futures fell 5 cents on the April contract to $209.77 and 32 cents on June to $203.75 on Monday. Feeder futures dropped $1.32 to $285.52 on April and $1.72 to $289.15 on May.
Choice boxed beef gained $2 to $333.52 on 75 loads.
Routine moves in cattle futures reflect equity market weakness and trader positioning after last week's Cattle on Feed report, with no new supply shock to change the outlook.
Not 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.