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U.S. live cattle futures fell more than 2% on January 4 on ample beef supplies and fund selling as Wall Street declined. Feeder cattle dropped about 3% as corn rose to nearly $5 a bushel, the first time since 2014.
Analysts expect a drop-off in cattle supplies in the second quarter of 2021.
Corn at multi-year highs squeezes feeding margins and pressures feeder cattle values. Heavy first-quarter cattle supplies keep near-term live cattle prices under pressure.
thecattlesite.comGlobal Ag MediaJan 5, 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.
