
At the CME, December live cattle closed $0.60 lower at $226.57 and November feeder cattle closed $5.05 lower at $333.40 on technical liquidation. Direct cash trade was light, with dressed deals in the North at $360.
Oklahoma National Stockyards feeder steers and heifers sold $30 to $40 lower.
Lower cash and futures prices for feeders and fed cattle reduce the value of animals entering feedlots, which lowers the cost of cattle feed-on programs and signals softer demand for feed grains and byproducts.
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.