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Live and feeder cattle prices fell on 1 March 2021 and cash trade stalled with no meaningful volume established. The April live cattle contract dropped $1.02 to $118.97, and the Choice boxed beef cutout lost $1.50.
Analysts said feedlots were frustrated with cash prices.
Weak cash trade and lower cutout values point to continued pressure on live cattle futures. Feed buyers face a softer cattle complex in the near term.
wlj.netAnna Miller FortozoMar 1, 2021Not 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.
Market wrap for 1 March reports April live cattle falling, cash trade stalled and the beef cutout lower, showing weak demand and sentiment on the day of the move.
