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Live and feeder cattle futures closed lower as a sell-off continued, with worries about lower pork exports weighing on the complex. Feeder contracts recovered slightly from Monday's large losses, and drought has forced some producers to sell inventories early.
Weaker pork export prospects could shift domestic protein demand toward beef, a risk to pricing, but the mixed feeder move keeps the signal modest. Drought-driven early selling adds near-term supply that pressures cattle values.
brownfieldagnews.comMeghan GrebnerJun 26, 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.
