Cattle Markets Plummet: Trade Tensions & Investor Sentiment

November 14th marked a significant downturn in cattle markets, with live cattle and feeder cattle futures plummeting due to heavy selling and lack of buyers. Live cattle futures lost nearly five to ten dollars, while feeder cattle futures dropped by as much as thirteen dollars and seventy-five cents. This market movement was influenced by ongoing trade tensions, including former President Trumps post about Argentina tariffs and a planned meeting between Mexican and US officials. Cash trade for cattle also started lower, with prices falling five to nine dollars in Nebraska. The Oklahoma City feeder cattle auction saw significant price drops of thirty to fifty dollars per head. The market is expected to continue reacting to trade discussions and investor sentiment, with wholesale boxed beef prices slightly up but slaughter numbers still lower than last year.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.