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On the CME, December live cattle closed $0.35 lower at $185 and December feeders were mixed. Boxed beef closed lower on light demand for heavy offerings, with Choice down $1.36 to $301.06, while cash cattle trade was very quiet.
Thin direct cash trade and softer boxed beef point to weaker cattle prices near term, though the moves are routine and small.
brownfieldagnews.comMeghan GrebnerOct 10, 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.
