Loading…
Live and feeder cattle futures kept sliding on lower cash trade, weaker wholesale beef and broader market volatility. April live cattle closed $2.90 lower at $107.57 and April feeders fell $1.37 to $132.70.
South Dakota feeder cattle prices declined $2 to $8 across weight classes.
Weak cash trade and falling futures reduce cattle values, and lower feeder prices reduce near-term demand for feed grains from feedlots.
brownfieldagnews.comMeghan GrebnerFeb 29, 2020Not 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.
April live cattle fell $2.90 on Friday on weaker cash, weaker boxed beef and volatility, extending the slide into the end of the window.
