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Barchart's Andrew Hecht argues that cattle prices have trended lower since late July as the grilling season ended. He notes that historically cattle prices decline in the fall as barbecue demand fades.
Seasonal demand decline pressures cattle futures into fall, though the longer-term trend remains higher and may support prices into 2025.
barchart.comAndrew HechtSep 10, 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.
