Loading…
CME live and feeder cattle futures fell sharply after light, lower direct cash cattle trade. Cash trade in Kansas, Texas and Nebraska was reported $1 to $2 lower than the prior week.
Feeder cattle sales in South Dakota were mostly steady, and USDA estimated slaughter at 124,000 head.
Lower cash cattle trade and steady slaughter pressure futures, so feeder and fed cattle values face downside. Pressure from packers and light trade points to weaker near-term prices.
brownfieldagnews.comBrent BarnettSep 5, 2024Not 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.
Light, lower cash trade ($1-2 below prior week) on Sept 5 signaled weaker fed cattle prices and pushed futures sharply lower.
