Loading…

April live cattle closed $2.12 lower at $233.27 and April feeder cattle fell $6.07 to $347.75 at the CME on March 19. Choice boxed beef dropped $1.45 on light demand.
Trading was slow ahead of the USDA Cattle on Feed report.
Lower cattle futures and boxed beef reduce feedlot and cattle-feeding margins, which can soften feeder demand for feed. The move is routine market commentary ahead of a scheduled report.
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.