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Cattle futures were volatile in the week, with October live cattle up 0.43% despite mixed daily moves. US boxed beef shipments and exports are strong, packer margins are good, and talk of a large cattle supply ('wall of cattle') is weighing on sentiment.
Canada-US trade tensions and the Canadian dollar are also flagged as risks.
Strong beef demand and packer margins are pulling cattle forward and lowering carcass weights, while looming supply expectations and trade risk add uncertainty to cattle prices.
realagriculture.comRealAgriculture News TeamJun 3, 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.
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.
