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August live cattle closed $0.75 lower at $132.72 and August feeder cattle closed $2.30 lower at $171.82 on June 28. Cash cattle trade was quiet, with asking prices near $140 live in the South.
Choice boxed beef fell $1.54 to $267.14.
Lower futures and boxed beef values signal softer cattle prices heading into the USDA Hogs and Pigs report. Slow cash trade limits price discovery in the near term.
brownfieldagnews.comMeghan GrebnerJun 28, 2022brownfieldagnews.comMeghan GrebnerJun 29, 2022Not 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.
