Live cattle prices declined on Monday, pressured by increased supply in the market. Several factors contributed to the price decrease, including heavier average weights for cattle being sent to slaughter and an increase in the overall slaughter rate.

Market Analysis

Analysts noted that the heavier weights indicate that cattle feeders are holding animals longer, adding to the available supply of beef. The increased slaughter rate further exacerbates the supply situation, putting downward pressure on prices.

Factors Affecting Prices

• Heavier Average Weights
• Increased Slaughter Rates
• Market Sentiment

Market sentiment also played a role, with traders reacting to the increased supply by selling off positions. The combination of these factors resulted in a significant drop in live cattle futures contracts.

Future Outlook

The market is expected to remain volatile in the near term, as traders continue to assess the supply situation and monitor demand. Weather conditions and feed costs will also be key factors influencing prices in the coming weeks.