# Boxed beef, pork close lower - Brownfield Ag News

> 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.

- Date: 2017-07-18 · published 2017-07-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70106-boxed-beef-pork-close-lower-brownfield-ag-news
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/market-news/boxed-beef-pork-close-lower/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.