Fed cattle prices for 5-Area steers fell about 2 percent week over week on roughly 10 percent fewer transactions, though still up 17-18 percent year over year. Feeder prices moved unevenly, and the weekly Choice cutout approached $400/cwt on tight supplies and strong beef demand.
Tight cattle supplies and strong beef demand keep the cattle complex supported, though softer cash and feeder moves point to a cooling trend that reduces feeder demand for feed grains.
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.
5-area fed steer prices fell about 2% on thinner trade, signaling a cash market pullback from record highs.
5-Area fed steer prices fell about 2% week over week on thinner trade, consistent with the futures decline, though the report was published after the window.