
Live cattle futures fell 67 cents to $1.15 on May 27, with June closing at $215.125. Feeder cattle futures recovered from early losses to finish $2 to $2.25 higher, and a rumor of New World screwworm in the US was quickly denied by USDA.
Routine price moves in live cattle reflect profit-taking after recent gains, while feeder futures held up on tight supply. The quickly rejected screwworm rumor shows how sensitive the market is to disease news.
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.