
Cattle futures have weakened over the past month as the boxed beef cutout and CME Feeder Cattle Index declined. Choice boxed beef fell from a June 23 peak to $361.24, and the feeder index hit its lowest level of the year.
The Douglas, Arizona reopening on August 24 is expected to be a 30-day trial that initially covers feeder cattle.
Softening cash fundamentals combined with the expected supply increase from imports point to continued pressure on feeder and live 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.