
Cash cattle prices fell $2-$5 in the North and $4 in the South in the week ending November 21, with most trade at $225-$228. December live cattle closed at $219.15, down 11.8% from the October high, after limit-up gains on Monday faded.
Traders focused on the reopening of the Mexican border to feeder cattle and Brazilian beef tariffs.
Expected larger cattle imports from Mexico and lower tariffs on Brazilian beef add supply and pressure futures and cash prices. Feeder buyers may see lower cattle values unless tight US supplies reassert themselves.
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.