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Live cattle futures closed mixed on Friday, with nearby December down 37 cents and a few contracts higher. Feeder cattle futures rebounded with gains of $1.10 to $2.07, limiting November's weekly loss to $1.70.
Choice boxed beef fell $1.26 to $316.34 per cwt.
Feeder cattle strength after early losses signals continued buyer demand for feeders, while lower boxed beef values and reduced slaughter pressure leave live cattle prices mixed.
barchart.comAustin SchroederNov 1, 2024Not 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.
