Cattle Futures Decline Amidst Lower Cash Trade Prices and Slaughter Estimates
1164+ Words Refined into 7 Facts by AI • 1 source • 6m ago
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- Live cattle futures fell by $1.80 to $2.27 on Friday.
- Cash trade prices dropped to $202-203 in the South.
- Feeder cattle futures declined by $1.30 to $1.62 during the session.
- CME Feeder Cattle Index increased by $1.89 to $276.23.
- Managed money speculators cut 14,665 contracts from live cattle futures.
- National Boxed Beef prices decreased by $2.70 across both cuts.
- Estimated cattle slaughter was 561,000 head, down 23,000 head from last week.
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