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Cattle futures fell sharply from mid-October highs, with the November feeder contract down more than $42 per cwt and December live cattle down almost $30. The decline followed presidential comments on lowering beef prices and talk of more beef imports and reopening Mexican cattle imports.
The author argues underlying cattle supplies remain tight and demand strong.
The selloff reflects risk discounting of possible import increases rather than a change in tight supply fundamentals. Price risk for feeder and fed cattle has increased, and hedging decisions become more important.
u.osu.eduSmith atNov 19, 2025Not 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.
