
Live and feeder cattle futures fell on Monday on end-of-month and quarter profit-taking, following record June live cattle contract highs the prior Friday. Concerns centered on post-holiday beef demand, with Choice boxed beef at $391, flat year over year.
Profit-taking and worries about seasonal softness in boxed beef demand pressure cattle futures in the near term, though strong cash prices offset some of the weakness.
Not enough comparable past events yet for a historical read.
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.
End-of-month and quarter profit-taking after record contract highs plus post-holiday beef demand concerns triggered the selloff.