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DTN livestock analyst ShayLe Stewart describes a sharp decline in cattle futures last week: October live cattle fell $5.88, December live cattle $10.18, November feeder cattle $10.55 and January feeder cattle $13.58. Southern live cattle cash traded around $224, down $3.00, and Northern dressed cattle at $348-$365, down $13.00 from the prior week's weighted average.
Lower cash and futures prices for fed cattle and feeders reduce the value of finished cattle and feeder inventory, which weighs on the cattle sector's demand for feed. The column attributes the move to market sentiment rather than a clear fundamental cause.
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.
