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Live cattle futures for June settled at $248.25 and feeder August at $348.425 in a holiday-shortened week with light volume. Cash cattle traded $1 to $2 lower at $256 to $257 live as packers cut bids.
Lower cash bids and light trade signal softer near-term demand from packers, a mild bearish pressure on 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.
Light-volume holiday trade with cash $1-2 lower as packers cut bids weighed on futures.