Live Cattle Futures Take a Hit

Cattle futures plunge, but cash market holds steady! Live cattle futures took a beating, while feeder cattle futures mirrored the decline, except for a surprising August contract uptick. Cash trading remained slow but stable, with the CME Feeder Cattle Index climbing. Beef exports soared to a three-week high, led by Japan and South Korea, while boxed beef prices showed mixed results. Cattle slaughter numbers rise week over week, but still lag behind last year's figures. Hosted on Acast. See acast.com/privacy for more information.