
Live cattle futures lost $1.55 to $2.67 on Tuesday and feeder cattle fell $2.80 to $4.35. The CME Feeder Cattle Index dropped to $348.78 on November 2, and the OKC feeder auction saw prices down $4-12 on feeders.
Weekly federally inspected slaughter totaled 214,000 head, 16,145 below the same week last year.
Lower feeder and live cattle prices reflect softer demand and slaughter running below last year, which weighs on cattle values used in feed-purchasing decisions.
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.