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Live and feeder cattle futures closed lower on May 1 ahead of widespread direct cash cattle business. June live cattle closed $0.60 lower at $164.87 and August feeders closed $0.62 lower at $230.10.
Oklahoma feeder cattle prices were mixed, with some classes steady to higher.
Cautious futures ahead of cash trade suggest buyers are testing the market for lower prices. Feeder cattle values are holding near record levels, which keeps feed-yard costs high.
brownfieldagnews.comMeghan GrebnerMay 1, 2023Not 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.
Live and feeder futures closed lower on May 1, starting the week's slide with June live cattle down $0.60 ahead of cash trade.
Live and feeder futures closed lower on May 1 ahead of cash trade, directly reflecting the day's decline, although the $0.60 June drop is smaller than the reported move.
Live and feeder futures closed lower on May 1 with June live cattle down $0.60, contributing to the multi-day decline ahead of cash trade.
Live and feeder cattle futures closed lower on May 1 ahead of widespread cash trade, a direct downward price move right after the window.
