
Cattle futures crashed on Thursday, with feeder contracts hitting limit-down, as fund long liquidation drove the selling. Selling continued into Friday and chart damage deepened, including a head-and-shoulders neckline break.
Grain futures moved higher on a war premium.
Fund liquidation has pushed cattle futures sharply lower and broken technical support, which can keep prices under pressure for feeders and fed cattle. Buyers should expect volatile feeder and fed cattle values until positioning settles.
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.
Describes the Thursday limit-down crash in feeders driven by fund long liquidation and technical breakdown, which is the main mechanism for the move ending 5/21.