Loading…
CME live cattle futures slipped on Thursday after weaker cash and wholesale beef values, with Plains cash cattle fetching mostly $119/cwt versus $122-125 a week earlier. Processors resisted paying more amid declining margins and Thanksgiving plant closures.
USDA export data showed beef exports for the week ended Nov. 9 down 45 percent week over week.
Softer cash prices and weaker beef demand signal lower feeder and fed cattle values ahead of the Cattle on Feed report, pressuring cattle prices in the near term.
agcanada.comAGCanadaNov 17, 2017Not 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.
