
US beef packers slipped into negative margins last week for the first time since mid-August as the Choice cutout headed for its lowest weekly average since late July. LEAP Market Analytics expects the cutout to trend lower into early 2027 on weaker demand, while seeing tighter cattle supplies in spring and summer 2027.
Softer wholesale beef demand and negative packer margins weigh on near-term cattle prices, while tight slaughter-ready supplies into 2027 could support later feeder and fed cattle values.
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.