
Cattle futures closed lower in a holiday-shortened week, with August live cattle down $2.60 to $239.22 and August feeder cattle down $3.52 to $360.62. Cash live cattle traded around $255-256, about $3 lower on the week, and Choice boxed beef fell $4.19 to $387.07.
Lean hog futures were mixed.
Weaker cash and boxed beef prices pressure feeder and fed cattle values, which raises feeding costs for buyers of feed-grain-based finishing rations and signals softer demand for cattle-based feed inputs.
Not 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.
Weekly summary shows August live cattle down $2.60 with lower cash and boxed beef falling $4.19, directly capturing the price decline in the window.
Weekly summary shows August live cattle down $2.60 to $239.22, cash about $3 lower and boxed beef down $4.19, directly capturing the price decline.