
Live cattle futures fell 42 cents to $1.50 and feeder cattle futures fell $2.95 to $3.50 in Tuesday trading. Cash trade was quiet after $224-225 paid the previous week, and the CME Feeder Cattle Index slipped to $350.46.
Federally inspected slaughter on Monday was an estimated 104,000 head, down 2,000 from the prior week.
The session describes routine price moves in cattle futures without a new supply or demand shock. Lower futures and quiet cash trade point to soft near-term sentiment for feedlot and feeder cattle demand.
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.