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CME live and feeder cattle futures slipped on a Monday as boxed beef prices fell and consumer demand weakened. Choice boxed beef dropped 35 cents to $304.57 per hundredweight, and October live cattle settled at 177.225 cents per pound.
Weaker retail beef demand lowers packer cutout values, which pressures cash and futures cattle prices and reduces feeder demand.
thebeefsite.comSep 17, 2024Not 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.
