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Hales Trading Co. reports that August live cattle settled at $239.22 after a fifth consecutive lower close and that the chart is negative with support at $235. Slaughter was 109,000 head with week-to-date at 433,000, and cash trade was $255 with some Nebraska dressed sales at $402.
Technical deterioration and steady slaughter point to further cattle price weakness, reducing feedlot demand for feed ingredients.
meatingplace.comHales Trading Co.Jul 2, 2026Not 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.
Fifth consecutive lower close with a negative chart and support at $235 indicates technical selling momentum behind the drop.
August live cattle posted a fifth straight lower close with a negative chart, showing persistent technical selling momentum.
