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Live cattle and feeder cattle futures closed sharply lower on weak wholesale beef values, softer cash trade, and weak export numbers. Mitchell, South Dakota feeder cattle sold $3 to $5 lower amid persistent rain and muddy pens.
Weaker boxed beef and cash prices signal softer feeder and fed cattle values, and expanded limit moves reflect heavy selling pressure.
brownfieldagnews.comMeghan GrebnerMay 31, 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.
Live and feeder futures closed sharply lower on weak boxed beef, softer cash trade and weak exports, with cash feeders $3-5 lower.
Live and feeder futures closed sharply lower on weak beef values, softer cash trade and weak exports, adding demand-side pressure.
