
Live cattle and feeder cattle futures closed lower on Wednesday, with cash fed cattle trading around $216-219 live and $340 dressed in the north. Boxed beef prices fell, with Choice boxes down $2.73 to $362.50, and September beef exports were 179.9 million lbs, down 9% from August.
Weaker cash cattle and boxed beef values lower the price feeder buyers can expect to pay for finished-cattle inputs, and softer futures signal weaker margins for feedlots purchasing feed.
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.