
Live cattle futures slipped 10 to 30 cents on Thursday, while feeder cattle futures rose $2.40 to $3.20. The CME Feeder Cattle Index rose 19 cents to $330.61 on November 10, and Choice boxed beef was quoted at $360.19.
Weekly federally inspected slaughter was 325,000 head, down about 24,800 from a year earlier.
Lower slaughter supports feeder cattle prices, and feeder demand affects feed grain and by-product demand in cattle operations. The mixed moves carry little new supply or price signal for feed ingredients.
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.