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Live cattle futures held near $230/cwt on December 26 as cash trade stalled at $228. Choice boxed beef fell $9.60 to $351.29 as packers sped up kills, pushing packer margins into the red, and the CME Feeder Index dropped $5.08 to $349.32.
Heavier packer kill pressure and weak boxed beef cut packer demand for cattle, a bearish signal for cattle prices in the near term.
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.