
Cattle futures fell another week as rumors of reopening the southern border to Mexican cattle imports circulated, a claim USDA Secretary Brooke Rollins refuted. The December live cattle contract lost about $12 to close at $218.77 and February lost more than $12 to $216.75.
Cash steers traded at $225-232 live for the week.
Lower futures reflect loss of confidence and fear of more imports, even as analysts expect the tightest fed cattle supplies in coming months. Feeder and live cattle price direction remains tied to import policy headlines.
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.
December live cattle lost about $12 for the week ending Nov 7 on border reopening rumors, matching the move's timing and size.