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Feedlot cattle trade was very quiet on Thursday as sellers rejected sharply lower packer bids. A few deals surfaced at 121.00 live in the South and 195.00 to 196.00 in the North, and the cattle kill totaled 109,000 head.
Boxed beef cutout values fell and Live cattle futures settled unchanged to 57 points lower.
Weak cash cattle bids and soft beef values pressure feeder and live cattle futures, pointing to lower prices for cattle buyers and feed demand from feedlots.
brownfieldagnews.comJun 16, 2016Not 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.
