Loading…
CME live cattle futures fell sharply on long liquidation ahead of USDA reports, and feeder cattle dropped with firmer corn prices. Boxed beef closed lower on light demand and heavy offerings, with an estimated slaughter of 120,000 head.
Lower wholesale beef and futures reflect weak demand and heavy supplies, a bearish signal for cattle prices, while the market awaited the USDA reports that later confirmed expansion.
brownfieldagnews.comJohn PerkinsJul 18, 2017Not 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.
