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December live cattle futures fell $5.35 to $220.95 and November feeders dropped $8.70 to $337.775, both at three-week lows. Weak cash cattle trade and a stock market sell-off pressured futures, while Mexican cattle imports have eased tight US supplies.
Lower cash and futures prices reduce feedlot margins, while increased Mexican imports add supply that tempers cattle price strength.
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.