
CME live cattle futures gained on August 25 as processors paid up to move market-ready cattle while heat stressed producers on the US Plains. October live cattle rose to 181.175 cents per pound, up 1.31% for the week.
Cash cattle eased in the north and weekly slaughter was down about 7.7% year on year.
Heat-reduced cattle performance and tight supplies support cattle prices, while lower slaughter tightens the market for feeder and fed cattle and the feed demand behind them.
After 80 past bullish weather events, Live Cattle moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
After 79 past bullish weather events, Feeder Cattle moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
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.