
Direct cash cattle trade was quiet to start the week, with live cattle in the South at $225, $2 lower than the prior week. Dressed cattle in the North traded at $350-352, $13-15 lower.
Boxed beef was firm, with Choice up $0.14 at $364.80.
Lower cash cattle and dressed prices signal weak packer margins for fed cattle and reduce feeder cattle values. Hog prices are also falling as processors hold leverage, which is a routine market wrap.
Not 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.