Loading…
CME live cattle futures hit a nine-month low for the fourth time in five sessions on Aug. 23, weighed by seasonally soft wholesale beef demand and lower cash prices.
Fund liquidation pushed deferred contracts below key technical support, and August feeder cattle closed down 0.45 cent to 141.625 cents.
Softer cash and cutout prices reduce the value of fed cattle and feeder supplies, so buyers of cattle-linked feed should expect lower livestock prices to persist in the near term.
agcanada.comAGCanadaAug 23, 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.
