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Live cattle and feeder cattle futures ended mostly higher at the CME ahead of the Cattle on Feed report, supported by strong boxed beef and lower corn. Cash fed cattle traded $121 to $123 live and dressed deals around $200 in the North, while Kansas feeder steers were mostly firm to higher.
Firm boxed beef and cash cattle support feeder and fed cattle values, which tends to keep demand for corn and feed ingredients steady for feedlots.
brownfieldagnews.comMeghan GrebnerAug 20, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
