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Choice boxed beef cutout fell $5.94 to $234.86 as seasonal topping set in after the Tyson plant fire disruption. Negotiated cash fed cattle averaged $116.08 live and $183.93 dressed, with prices expected to rise over the next six weeks.
Packers are scheduling large kills into December.
Seasonal strength in cash cattle and expected December demand support fed cattle prices. Strong packer activity points to continued live cattle demand.
wlj.netKerry Halladay, WLJ Managing EditorNov 21, 2019Not 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.
