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Live cattle futures plunged on Friday, Aug. 8, with the October contract down $6.20 to $232.55 on profit-taking after a record-high close Thursday.
Cash trade totaled about 20,000 head that day, with live steers averaging $241.62. Slaughter was estimated at 88,000 head, down from 93,000 a week earlier.
Heavy profit-taking after record highs signals fragile futures sentiment, and feeder buyers face wider price swings. Lower futures reduce the value of cattle forward-priced for feedlots.
wlj.netAnna Miller FortozoAug 8, 2025Not 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.
