
Live cattle futures traded lower on Tuesday, with December contracts below all major moving averages and cash trade at $223.88, $2.67 lower than last week. Average carcass weights rose to 902 pounds, 3 pounds above last week and 13 pounds above last year.
Strike threats at Los Angeles and Long Beach ports were postponed until Wednesday afternoon, and about 25% of beef exports pass through those ports.
Heavier carcasses add to beef supply while a possible port strike would disrupt exports and weigh on cattle markets, pressuring feeder and live cattle prices lower.
Not enough comparable past events yet for a historical read.
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.