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CME feeder cattle futures closed down their daily limit on concerns about consumer demand ahead of the Memorial Day holiday and high energy and beef prices. Traders also feared USDA would report more cattle placed in feedlots.
Hog futures fell to their lowest since December.
Fear of weaker beef demand combined with expectations of more feeder supply pushed cattle futures down sharply, though cash cattle remain tight.
thecattlesite.comMelanie EppMay 22, 2026Not 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.
Feeder futures closed limit-down on consumer demand fears ahead of Memorial Day and expectations of higher placements, which directly matches the -5.22% drop.
