
Feeder cattle futures posted near-universal limit losses on Friday, with live cattle down $5.70 to $6.25 across front months. The CME Feeder Cattle Index rose to $337.21 on Aug.
7. USDA estimated weekly slaughter at 536,000 head, down 51,582 head year over year.
Limit-down moves and expanded limits signal heavy speculative liquidation, while tight slaughter supports cash prices. The gap between futures and cash may narrow or widen depending on fund selling.
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.