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Live cattle futures fell on Tuesday, with February down $1.475 and December down $1.325. Feeder cattle futures lost $2.60 to $2.93 across most contracts.
The USDA choice cutout fell $2.89 to $320.61 per cwt as weekly slaughter ran 2,000 head above the prior week.
Lower boxed beef values and feeder futures losses point to softer cattle prices, while the slightly higher slaughter pace adds to near-term supply pressure.
ibestmedia.comOct 30, 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.
