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Live and feeder cattle futures closed lower on October 16, 2020, with October live cattle down $.62 at 107.15 and October feeders down $.82 at 138.10. Cash trade and boxed beef were weaker for the week, and drought conditions in Missouri were intensifying.
Lower weekly cash trade and softer beef values point to weaker cattle prices, while drought stress may push more cattle to market.
brownfieldagnews.comMeghan GrebnerOct 16, 2020Not 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.
Feeder futures closed lower on Oct 16 with weaker cash and boxed beef, adding to the downward momentum going into the period's end.
Live and feeder cattle futures closed lower on Oct 16 with weak cash trade and boxed beef, which sets up the selloff in the window ending Oct 18 (the figures also appear in the Oct 19 report, so the date is ambiguous).
