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Cattle futures and cash fed cattle prices fell during the week ending May 3, with feeder futures averaging $6.73 lower week to week. Live fed cattle traded $3 to $4 lower in the Southern Plains, and steers and heifers sold $0 to $7 per cwt lower nationally.
Grass cattle demand weakened as buyers reacted to the futures decline.
Weaker grass-cattle demand and lower cash prices reduce the value of feeder cattle and the feed demand tied to them. The price direction points lower for cattle complex inputs and returns.
cattlecurrent.comWLIMay 4, 2019Not 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.
Weekly summary shows futures and cash fed cattle falling ($3-4 lower in the Southern Plains) with weaker grass cattle demand, confirming broad price pressure within the window.
Weekly summary shows cash fed cattle $3-4 lower and futures down, confirming a demand and price decline, though it covers the period after the move window.
