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Cattle and beef prices fell through the fourth quarter, with fed cattle down $8.33/cwt and boxed beef cutout down $9.26/cwt in four weeks from late October. Beef demand slowed at retail, foodservice and export levels.
Weakening beef demand and falling fed cattle values reduce feedlot margins and the appetite for cattle feeding inputs.
wlj.netSteve Kay, WLJ columnistDec 1, 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.
Fourth-quarter declines in fed cattle and boxed beef with slowing retail, foodservice and export demand support a bearish demand backdrop.
