
CME live and feeder cattle futures closed lower on Tuesday as traders awaited USDA's Cattle on Feed report and weighed prospects for more beef imports. Lean hog futures fell to their lowest level in about seven months.
Feeder cattle and live cattle contracts both closed weaker.
Expectations of higher beef imports and tighter U.S. cattle supplies pull futures in opposite directions, leaving prices volatile. Lower futures weaken feeder and fed cattle values for producers.
Not 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.