Cattle Fall into the Holiday Weekend, with Wholesale Beef Weakness

Live cattle futures closed lower by $2.05 to $2.60 on Thursday, and August is down $6.60 for the week. Cash trade in the north rose to $403 dressed, but live trade was weaker at $255-256, with southern trade also at $255. The article frames the move as continuing weakness versus the prior week, consistent with a cautious near-term backdrop for the complex.

Analysis

Live cattle futures closed lower by $2.05 to $2.60 on Thursday, and August is down $6.60 for the week. Cash trade in the north rose to $403 dressed, but live trade was weaker at $255-256, with southern trade also at $255. The article frames the move as continuing weakness versus the prior week, consistent with a cautious near-term backdrop for the complex.