
Live cattle futures traded mostly sideways last week, with October losing 32 cents to $232.05 and December gaining 15 cents to $234.30. Cash steers sold $231-237 and boxed beef cutouts fell seasonally, with Choice losing nearly $14 to $371.97.
Markets also reacted to a new New World screwworm detection and USDA's promised rebuilding plan.
Packer maintenance curtailing cattle demand and seasonal cutout weakness point to softer near-term cash cattle, while screwworm-driven border uncertainty keeps futures volatile and supports feeder demand.
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.