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Live cattle and feeder cattle closed sharply lower at the CME ahead of direct cash business, with August lean hogs down $2.02 to $91.45. Oklahoma feeder steers were steady to $5 lower and Choice boxed beef closed $1.04 higher.
Lower futures and cash feeder prices reflect pressured sentiment in cattle and hogs, which can reduce feeder placements and feed demand from livestock operators.
brownfieldagnews.comMeghan GrebnerJul 29, 2024Not enough comparable past events yet for a historical read.
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.
Feeder and live cattle futures closed sharply lower on July 29 ahead of cash trade, an early leg of the weekly decline driven by position-squaring and sentiment.
