Live cattle futures fell an average of 92 cents and feeder cattle futures fell $2.05 on Friday, while negotiated cash cattle prices declined across major U.S. regions during the week. Choice boxed beef was down week over week, and estimated cattle slaughter and beef production year to date remained below year-earlier levels.
Lower cash cattle and futures prices indicate near-term pressure on cattle values. The smaller year-to-date slaughter and beef production totals point to tighter beef supply, which may limit that downside.
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.