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Chicago live cattle and feeder futures fell at midday as boxed beef declined. The USDA Cattle Inventory report showed inventory down 3%, close to expectations, and Oklahoma feeder sales were mostly steady.
Lower boxed beef and softer futures reflect near-term demand pressure, though the shrinking herd keeps longer-term cattle supply tight.
brownfieldagnews.comFeb 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.
