
CME live cattle futures ended mixed on Wednesday as profit taking followed a two-day rally, after both cattle markets had slid for two weeks to multi-month lows. December live cattle settled 0.225 cents higher at 218.975 cents per pound, and feeder cattle posted modest gains as feed corn prices eased.
Tight cattle supplies and improving packer margins support livestock prices, but softening consumer demand for beef and lower feed corn costs shape the near-term outlook for feed buyers.
Not enough comparable past events yet for a historical read.
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.