
Cattle markets turned volatile ahead of Memorial Day as softer cash trade, growing feedlot inventories, and beef demand concerns weighed on futures. Southern cash trade in Texas and Kansas was $258-260 live, down from $260-265 the prior week.
Discussion of reopening the Mexican border to cattle and the Cargill Fort Morgan lockout added to pressure.
Rising feedlot inventories and potential reopening of Mexican cattle imports would add feeder supply and pressure prices. Buyers should expect softer cattle values if inventories keep building.
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.
Softer cash trade, growing feedlot inventories, beef demand worries, Mexican border reopening talk and the Cargill lockout all added bearish pressure.