
Live and feeder cattle futures closed sharply lower at the CME on technical liquidation and talk that Mexican feeder cattle imports could resume. December live cattle closed $4.42 lower at $227.77 and November feeders $7.60 lower at $334.97.
Boxed beef Choice was $1.67 lower at $377.58.
Expectations of resumed Mexican feeder imports add supply pressure to feeder and live cattle futures, reinforcing the downward price trend.
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.
On Nov 4 feeder futures fell $7.60 on technical liquidation and talk of resumed Mexican feeder imports, falling squarely inside the 5-day window.
Live cattle closed $4.42 lower on technical liquidation and Mexican feeder import talk on Nov 4, directly driving the move.