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Live and feeder cattle futures closed lower on profit-taking ahead of Friday's On Feed report, with February live cattle down $1.62 to $168.67. Hogs were mostly lower, and direct cash cattle trade was quiet with asking prices at $173 to $175 live.
Profit-taking and cautious trading ahead of the USDA On Feed report pressure cattle futures in the short term. The move is routine market commentary with no new fundamental cause.
brownfieldagnews.comMeghan GrebnerDec 21, 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.
