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December live cattle closed $2.55 lower at $181.32 and January feeders closed $3.32 lower at $236.42. Boxed beef fell on light demand, and estimated slaughter was 122,000 head, down 3,000 on the week.
Lower feeder and live cattle futures signal softer feeding demand, with modest bearish implications for feed grain usage at the start of the week.
brownfieldagnews.comMeghan GrebnerNov 6, 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.
