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CME live and feeder cattle futures closed lower on a lack of direction from the cash trade and mixed wholesale beef values. June live cattle fell $0.55 to $114.25 and May feeder cattle fell $1.80 to $141.60, with cash trade at a standstill.
Lower futures and a stalled cash market signal weaker expected cattle prices, which can cut feedlot margins and reduce feed purchases.
brownfieldagnews.comMeghan GrebnerApr 30, 2019Not 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.
Same-day report of CME live and feeder cattle futures closing lower on stalled cash trade and mixed wholesale beef values, directly describing the April 30 selloff.
On April 30 futures closed lower with cash trade stalled and mixed wholesale beef, adding to the selling pressure.
