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Direct cash cattle trade was slow with few bids and asking prices, while Choice boxed beef fell $0.79 to $361.71. Auction feeder cattle prices were mixed, with steer calves down $20 to $25, and cash hogs were lower at midday.
Thin cash cattle trade and falling boxed beef and hog prices point to weaker livestock values and reduced demand for protein-based feed ingredients.
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.