
October live cattle closed down $6.58 at $223.15 per cwt and September feeder cattle fell $8.20 to $331.55 on month-end profit-taking. Analysts said cattle are overbought and that retail ground beef prices are drawing consumer attention, while December corn gained 1.5 cents and wheat ended mixed.
Profit-taking and worries about beef demand destruction could pressure cattle futures, while cattle strength and grain moves are mostly unchanged for feed buyers.
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.