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Live and feeder cattle futures closed lower at the Chicago Mercantile Exchange on profit-taking and weaker boxed beef. Cash cattle trade was at a standstill with no bids, while feeder cattle auctions saw higher prices on strong demand.
Traders were awaiting the USDA Cattle Inventory report.
Profit-taking and lower boxed beef reduce near-term futures values, but a cash standoff and firm feeder demand signal underlying support. Prices may stay volatile until the inventory report is out.
brownfieldagnews.comMeghan GrebnerFeb 1, 2025Not 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.
