CME live cattle futures unchanged, feeder cattle futures firm
Bullish strength: 68/100
- September feedlot placements were 88% of year-ago levels, below the 92.6% trade estimate.
- September placements were the lowest for that month since 1996, potentially signaling tighter future cattle supplies.
Bearish strength: 32/100
- Choice boxed beef prices fell $3.68 to $365.79 per hundredweight.
- Beef packers recorded average losses of $4.10 per head, down sharply from Thursday's profits.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.