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Cash fed cattle prices fell during the week of September 7, with Southern Plains live sales down $3 to $100 per cwt. Choice boxed beef cutout dropped $4.46 to $227.31.
Live Cattle futures closed lower through the front contracts.
Lower cash and boxed beef values signal weaker packer demand and push feeder cattle values lower, with seasonal fall pressure expected.
beefmagazine.comWes IshmaelSep 7, 2019Not 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 fed cattle fell $3 and boxed beef cutout dropped $4.46, signaling weak demand and fundamentals that pulled futures lower.
Weekly cash fell $3 and Choice cutout dropped $4.46, reinforcing weaker packer margins and bearish futures.
