# Beef Market Update: Cut out price declines, as kill levels begin climb to near-average - RealAgriculture

> Cash beef prices in the US and Western Canada were firming in early June while live cattle futures sat well above cash. Analysts expected the gap to close as slaughter capacity returned and June futures converged toward cash.

- Date: 2020-06-06 · published 2020-06-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52745-beef-market-update-cut-out-price-declines-as-kill-levels-begin-climb-to-near
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Packer slaughter recovery should pressure cash fed cattle lower while futures discount the spread, pointing to weaker live cattle prices near term.

## Read by commodity

- LCATTLE: bearish ▼

## Sources

- realagriculture.com: https://www.realagriculture.com/2020/06/beef-market-update-cut-out-price-declines-as-kill-levels-begin-climb-to-near-average/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.