Loading…
Live cattle futures plunged over the week, with the December contract down over $8.50 to $162.35 and February down over $9 to $162.52. Cash trade sold several dollars lower than a week earlier.
Sharp futures and cash declines lower feedlot profitability and reduce cattle feeding economics, pressuring feed purchases.
wlj.netAnna Miller FortozoDec 8, 2023Not 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.
Weekly report of live cattle futures plunging (Dec down over $8.50) and weaker cash trade directly describes the selloff in the window ending Dec 7-8.
