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Live cattle and feeder cattle futures fell on liquidation ahead of the week's direct cash cattle trade, while lean hogs were supported by higher midday pork trade. Boxed beef closed firm to higher, and the estimated cattle slaughter was 118,000 head.
Feeder cattle at Oklahoma auctions were $4 to $7 lower.
Lower feeder and live cattle values and steady boxed beef point to mixed cattle demand, with limited direct impact on grain and feed demand from this routine session wrap.
brownfieldagnews.comJohn PerkinsJul 25, 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.
