Loading…
Cattle futures closed off their lows after a quiet Monday with larger showlists and a kill of 113,000 head. Boxed beef fell, live cattle contracts settled 135 to 230 points lower, and feeder cattle settled 65 to 157 points lower.
Lower boxed beef values and weak cattle futures signal softer feeder and fed cattle prices, which affects feedlot margins and feed buying.
brownfieldagnews.comJun 20, 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.
Reports on the Monday 2016-06-20 session itself: live cattle futures settled 135-230 points lower on falling boxed beef and larger showlists, directly describing the move.
