
Fed cattle cash prices fell in the South and North last week, with the South down $4 to $204 per cwt. Federally inspected slaughter data showed the weekly heifer slaughter at 223,800 head, the largest since 2004.
Uncertainty over U.S. beef exports to China also weighed on sentiment.
Record heifer slaughter signals slow herd rebuilding, which tightens future supply, but near-term cash weakness and export risk from China pressure cattle prices and reduce demand for feed.
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.