Loading…
Choice boxed beef fell from holiday highs of $330/cwt to about $322/cwt after July 4 and then stabilized. Fed cattle prices held mostly steady in July, while lean trim prices hit records.
Seasonal weakness in middle meats typically persists until mid-August.
Seasonal softness in beef demand is limiting cattle price gains, though record trim prices provide some support.
extension.okstate.eduJul 17, 2024Not 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.
