
Live and feeder cattle futures closed lower at the CME on technical selling ahead of expected direct cash trade. December live cattle fell $1.55 to $218.15 and January feeder cattle fell $4.30 to $328.37.
Direct cash cattle trade was quiet, with boxed beef higher, Choice up $0.19 at $365.23.
Lower futures and quiet cash trade signal softer near-term cattle prices, while firmer boxed beef supports packer margins. For feed buyers, feeder cattle weakness can reduce demand for feed in feedlots.
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.