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US live cattle futures slipped on December 3 as renewed stay-at-home orders in major metropolitan areas raised fears of demand loss. February live cattle fell 1.350 cents to 112.575 cents per pound, and January feeder cattle lost 2 cents.
Cash cattle in the southern Plains dipped to $110 per cwt.
Pandemic-related restaurant and retail closures threaten beef demand, pressuring cattle prices and reducing feedlot demand for feed grains.
thecattlesite.comGlobal Ag MediaDec 4, 2020Not 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.
