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Cattle futures closed lower at the end of a volatile session, with live cattle averaging $2.11 lower and feeder cattle averaging $4.66 lower. Cash fed cattle improved to about $240 per cwt FOB, and wariness ran ahead of the semiannual cattle inventory report.
Cash fed cattle strength supports the complex, but futures weakness reflects caution before the inventory report. Feeder futures are pressured by uncertainty over supply data.
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.