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Live cattle prices fell about 1.9% over the week to 175.175 and were down about 2.2% over the month. The commodity is also down roughly 7% from a year earlier.
Weekly volume totaled 82,260 contracts.
Continued price declines reflect soft cattle demand and ample supply in the futures market. Traders should expect cattle prices to stay under pressure until fundamentals improve.
farms.comBaseSep 2, 2024Not 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 confirms a roughly 1.9% weekly drop in live cattle, consistent with the move but descriptive rather than causal.
Weekly summary shows live cattle prices lower with a roughly 2% decline, consistent with the magnitude of the move, though it is mostly descriptive.
