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August feeder cattle closed $6.67 lower at $349.85 on fund liquidation, while live cattle were mixed ahead of the USDA On Feed report. Cash live cattle traded around $260 in the South and North, with feeder steer and heifer prices mostly steady to lower.
Feeder receipts were down on the week and the year.
Fund-driven selling pushed feeder futures lower, and weaker cash feeder prices reinforce the bearish tone heading into the cattle-on-feed report. Feeder cattle costs for backgrounders and feedlots may ease in the near term.
brownfieldagnews.comMeghan GrebnerMay 22, 2026Not 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.
