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Live cattle futures closed lower on Wednesday, with October live cattle down $0.82 to $143.77 and September feeder cattle up $0.57 to $183.02. Dressed cattle deals in the North were at $232 to $233, $1 lower week over week, and Choice boxed beef closed at $262.83.
Demand for feeder cattle at South Dakota auctions was good to very good.
Steady-to-lower cash cattle and mixed boxed beef values signal limited near-term support for cattle prices, with routine auction demand offering little new impetus.
brownfieldagnews.comMeghan GrebnerAug 24, 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.
