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At the CME on Friday, October live cattle closed $0.30 lower at $108.77 and December live cattle $0.32 lower at $112.97, while feeder cattle also fell. Cash cattle trade was light, with Nebraska dressed sales about $3 lower and live trade near $107.
Weaker cash and wholesale beef values pressured futures, signaling softer demand for feeder and finished cattle and lower feeder cattle prices ahead of the fall run.
brownfieldagnews.comMeghan GrebnerAug 30, 2018brownfieldagnews.comMeghan GrebnerAug 31, 2018Not enough comparable past events yet for a historical read.
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.
