
CME live cattle futures closed higher on August 22 as tight cattle supply, higher boxed beef prices and steady demand lifted contracts. October live cattle settled at 237.875 cents per pound and September feeders at 362.675 cents.
The USDA Cattle on Feed report matched analyst expectations, and lean hogs ended slightly lower.
Tight supply from the Mexican border closure and firm boxed beef support cattle futures, though the market move itself is routine.
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.