
CME live and feeder cattle futures ticked lower on Friday, pressured by grain and soy rallies, fund selling and a higher dollar. President Trump said he was preparing a legal order to let farmers and ranchers process their own food, aimed at breaking what he called a monopoly among major processors.
Industry players said the impact on meat supply would likely be limited.
Policy moves aimed at lowering beef prices and loosening packer control add bearish sentiment to cattle futures, though analysts see little physical supply effect. Feeder and live cattle prices are the main exposure.
After 30 past bearish policy events, Live Cattle moved a median -0.8% over 5 sessions (43% higher; middle half -2.0% to +1.1%), and +0.9% over 20.
After 24 past bearish policy events, Feeder Cattle moved a median +0.3% over 5 sessions (54% higher; middle half -3.3% to +1.2%), and +0.5% over 20.
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.
Friday dip from the processing order plan, fund selling, a stronger dollar and grain rallies add to selling pressure.