
Live and feeder cattle sold off sharply late last week, with many attributing it to month-end selling. A strike at a Greeley, Colorado plant is possible, and slowdowns at other plants, including Tyson, are reducing beef supply.
Analysts see April live cattle support near 228-230 and April feeders near 338-340.
Reduced plant throughput tightens beef supply, which could support cattle prices. Month-end liquidation and the energy trade tied to the Iran conflict add near-term volatility.
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.