
April live cattle futures fell $4.675 to $232.225 on Friday, a five-week low, and lost $9.875 for the week. March feeder cattle dropped $6.225 to $355.425, a four-week low.
A hot producer price index report and a risk-off day in broader markets added pressure.
Negative packer margins limit cash cattle bids and futures are technically damaged, though tight supplies remain a longer-term support. Feeder and live cattle prices are likely to stay volatile near-term.
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.
Documents the sharp Friday drop in April live cattle to a five-week low (-$4.675) amid a hot PPI and a risk-off tone, which accounts for much of the decline measured into the period.