
Both fed and feeder cattle prices were lower the prior week, with the November feeder contract down $12.88 and December live cattle down $8.53. Packer margins improved on lower cash cattle prices and higher boxed beef values.
Futures were hit by speculation about reopening the Mexican border to feeder cattle imports.
Seasonal pre-holiday weakness and heavy feeder supplies pressure cash prices. Expected feeder and beef imports cap futures even though domestic fundamentals are unchanged.
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.