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CME feeder and live cattle futures finished lower on profit-taking after a lengthy rally, with April live cattle down 3.45 cents to 201.5 cents per pound. Lean hogs ended slightly higher as traders unwound cattle-long, hog-short spreads, and Choice boxed beef fell $3.06 to $327.48/cwt.
Weaker boxed beef and meatpacker demand pressured cattle futures, while a tight US herd and the Mexican feeder import ban continue to support prices.
thecattlesite.comMelanie EppJan 31, 2025thecattlesite.comMelanie EppJan 30, 2025Not 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.
