Loading…
Beef cutout values slid as packers weighed slaughter cuts. Lean hogs closed 342 points lower at $58.60 and December cattle fell 352 points.
Ground beef retail pricing in Amarillo was also cited at $5.66 per pound.
Falling cutout values and lower cattle and hog futures reduce packer margins and can slow slaughter, with downward pressure on feeder and fed cattle prices.
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.