December live cattle and November feeder cattle fell more than $10 week-over-week in the week ended Oct. 30.
November feeders closed at $337.78/cwt and December live cattle at $220.95/cwt, with cash northern cattle down $13-15 on the prior week. Analysts cited weak cutout, negative packer margins and month-end liquidation alongside a equity selloff.
Lower fed cattle and feeder prices reduce the value of cattle for feedlots and signal weaker demand for beef-side inputs, while the reopening of Columbus, New Mexico to Mexican cattle adds to longer-term feeder supply.
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.