From mint · · 50s
CME Cattle Futures Drop
CME cattle futures fall as beef prices weaken after profit taking.
In brief
CME cattle futures fall as beef prices weaken after profit taking. CME cattle futures dropped 0.225 cent to 223.550 cents per pound after profit taking and lower beef prices. Originally reported by mint.
CME cattle futures drop
CME cattle futures dropped for a second straight session on Thursday after profit taking and lower beef prices.
Beef prices fall
US Department of Agriculture reported choice boxed beef cutout at $374.87 per hundredweight, down 75 cents from the previous day.
Feeder cattle decline
November feeder cattle ended down 0.925 cent at 334.875 cents per pound after rallying to a mid-July high.
Packer margins narrow
Beef packer margins narrowed to $83.75 per head on Thursday, down from $126.45 a week ago.
The bottom line
CME cattle futures dropped 0.225 cent to 223.550 cents per pound after profit taking and lower beef prices.
