
US cattle prices were on unsteady footing as seasonal beef demand remained subdued ahead of the holidays. Wholesale beef prices and lean trim fell, while record-high steer weights and increased imports of grinding beef added pressure; the report also noted that the US dairy herd reached its largest size since the early 1990s.
Heavier cattle, greater grinding-beef imports and soft near-term demand weigh on cattle and beef prices. A larger dairy herd may also increase milk supply and pressure milk prices.
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.