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Southeastern auction prices for 500-600 lb steers dropped $20 to $50 per cwt last week, with the largest declines in Oklahoma City and Missouri. The CME December live cattle contract closed at $232.18 after trading below $224 intraday on October 27.
Lower auction prices follow futures weakness and reduce feeder cattle values, though underlying supply remains tight and seasonal prices stay strong.
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.