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Cattle futures fell about $10 within two weeks and were trading near $115.25 per cwt at the Chicago Mercantile Exchange after a small bounce. Analysts cited ample beef supplies, sluggish domestic demand and exports, and more animals heading to feedlots.
Heavy supplies and weak demand keep live and feeder cattle prices under pressure, lowering the value of cattle and the cost outlook for feed buyers.
schadcommodity.comBrian SchadJun 22, 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.
