Loading…
CME cattle futures fell on Thursday after two sessions of gains, pressured by fund liquidation and worries about demand for high-priced beef cuts. Live cattle fell 1.65 cents to 171.825 cents per pound and January feeder cattle dropped 2.25 cents amid a 1.5% jump in corn futures.
Higher corn prices raise feeding costs and weigh on feeder cattle values, while weak beef export sales point to softer demand for cattle.
thecattlesite.comMelanie EppDec 1, 2023Not 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.
Dec 1 fund liquidation and worries about demand for high-priced beef plus higher corn pressured live cattle futures lower early in the 5-day window.
