
Southern and Northern fed cattle cash trades fell $4 to $6 per cwt last week, while Choice boxed beef rose $5.83 to an average of $394.19. Beef 50s trim surged over 60 percent in two weeks as fed slaughter dropped sharply.
Lower cash cattle with stronger boxed beef narrows packer margins and reflects tight slaughter supplies, supporting feeder cattle values while cash fed prices soften.
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.
Cash trade fell $4-6 per cwt even as boxed beef rose, which shows weaker fed cattle pricing that dragged on futures.
Cash fed cattle trade fell $4-6/cwt in the prior week, which weakened the cash basis and pulled futures lower, though strong boxed beef partly offset it.