
Cash fed cattle traded from $224 to $235/cwt in the South and $240 to $244 in the North last week, with dressed trade at $380. Choice boxed beef fell $1.26 to $365.08, and rib primal prices dropped sharply after peaking in April.
Packer margins remain deeply negative.
Packers losing money while still bidding aggressively for cattle highlights a fragile cattle cycle, and softening retail beef demand could limit further upside in cattle prices.
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.