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Hales Trading Co. estimated Wednesday's cattle slaughter at 109,000 head and cut its weekly slaughter estimate to 530,000-540,000 head, arguing that more than 540,000 would put too much beef into the pipeline. Cattle futures traded lower after the election, with all contracts closing lower.
Weak beef demand and rising slaughter pressure lower cutout values and fed cattle prices, which weakens the outlook for feeder cattle and feed demand tied to cattle finishing.
meatingplace.comHales Trading Co.Nov 4, 2026Not 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.
