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Fed cattle prices held in a narrow range, with 5-area weighted average prices through May 20, 2021 at $119.71/cwt live and $190.56 dressed. Choice cutout rose to $352.92 and the Select cutout to $303.16.
An economist said corn price volatility makes feeding and placement decisions difficult.
Volatile corn prices raise uncertainty over feed costs for summer placements, which affects feeder demand. Rising boxed beef values support fed cattle prices.
thereporteronline.comMontgomery MediaMay 26, 2021Not 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.
