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Live and feeder cattle futures closed higher at the CME on May 21, 2021, while corn traded lower. June live cattle rose $1.07 to $117.67 and May feeder cattle rose $1.47 to $137.22.
Cash cattle trade was quiet, with Southern live deals at $118 to $120 and steady week over week.
Futures strength ahead of the On Feed report reflects expectations of firm fed cattle values and steady demand. Stable cash prices and lower corn support the cattle complex.
brownfieldagnews.comMeghan GrebnerMay 21, 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.
