October live cattle (LEV26) futures on Friday fell $0.075 to $217.925 and hit an eight-month low. For the week, October cattle were down 95 cents. Meantime, September feeder cattle (GFU26) rose $0.10 to $329.025 and hit an eight-month low early on. On the week, September feeders were down $5.475.
Cattle futures traders were blindsided and spooked by Friday's news that President Donald Trump said he would allow up to 300,000 MT of ground beef to be imported into the U.S. without impacting tariff quotas as part of a 90-day deal to aid a struggling economy. However, the psychological shock of the matter had worn off by the close on Friday, and sharp early losses were erased.
Why This Week Looks to Be Fun
Slow Pace of Brazil Harvest and Tight Inventories Boost Coffee Prices
Corn, Soybean Traders Get Price-Bullish Pro Farmer Crop Tour
#october #eight #down
Cattle futures traders were blindsided and spooked by Friday's news that President Donald Trump said he would allow up to 300,000 MT of ground beef to be imported into the U.S. without impacting tariff quotas as part of a 90-day deal to aid a struggling economy. However, the psychological shock of the matter had worn off by the close on Friday, and sharp early losses were erased.
Why This Week Looks to Be Fun
Slow Pace of Brazil Harvest and Tight Inventories Boost Coffee Prices
Corn, Soybean Traders Get Price-Bullish Pro Farmer Crop Tour
#october #eight #down
2 months ago
