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An extension economist says the five-area cash cattle price is about $230 per hundredweight, down roughly 11% from a month earlier and 12% below the mid-May high above $260.
Lower cash fed cattle prices weigh on live cattle and feeder cattle values, and the economist argues the decline may not signal a longer-term downturn.
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.