
Feeder cattle futures hit limit down on Friday after a series of record highs, with a $9.25 drop finishing the week. Cash fed cattle held near $245 in the north for a fourth straight week, though some bids were for delayed delivery.
Rumors of screwworm surfaced but were not verified by the close.
Heavy fund length and margin pressure raise the risk of further sharp swings in feeder futures. Traders and feeders should expect volatility into the next trading week.
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.