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Live cattle futures fell over a dollar, with October down $1.25 to $124.80 and December down $1.27. The Choice boxed beef cutout dropped $1.50 as light trade and concern over beef prices after the holiday weighed on the market.
Falling futures and boxed beef values signal weaker cattle prices ahead, with packer margins strong and traders expecting further pressure in September.
wlj.netAnna Miller FortozoSep 3, 2021Not 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.
