Loading…
Chicago live cattle and feeder cattle futures fell on commercial and technical selling, with hogs also lower. Cash cattle trade was light and about $3 lower in the South, and Choice boxed beef closed lower on light demand.
Lower futures below recent cash prices and weak boxed beef signal softer feeder and fed cattle values, which reduces the value of cattle sold for feeding and feed-buying margins.
brownfieldagnews.comApr 3, 2018Not enough comparable past events yet for a historical read.
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.
Same-day report of feeder and live cattle futures falling on commercial and technical selling with lower cash trade and weak boxed beef, matching the date of the move.
