
Fed cash cattle prices have fallen over recent weeks as packers built up supply and slowed processing, with Southern live cattle trading $4-5 lower. Feeder cattle sales remain strong despite a historically low U.S. beef cowherd.
Packer leverage is pushing fed cattle prices down ahead of the Fourth of July slowdown, while tight feeder supply keeps feeder prices firm, which squeezes feedlot margins.
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.
Packers slowing processing and regaining leverage pushed cash fed cattle $4-5 lower, which weighed on live cattle futures.
Packers regaining leverage and falling cash fed cattle prices ($4-5 lower in the South) pressure live cattle futures toward cash.