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CME live cattle futures edged lower on speculative long liquidation after funds had been large buyers in prior weeks. Traders also cited US-China tensions over Taiwan and a drop in wholesale beef prices.
Fund selling and weaker wholesale beef reduce near-term cattle futures prices, while trade-tension risk adds uncertainty for beef export demand.
thecattlesite.comGlobal Ag MediaAug 2, 2022Not 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.
