Loading…
Live and feeder cattle futures closed sharply lower at the Chicago Mercantile Exchange, with feeders leading the decline as corn rallied. Cash cattle trade was quiet with few deals, and showlists were larger across major feeding areas.
Boxed beef closed higher on good demand.
Rising corn prices raise feeding costs and reduce what feedlots can pay for feeder cattle. Larger showlists add near-term supply pressure on cash prices.
brownfieldagnews.comMeghan GrebnerJan 4, 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.
