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Live cattle futures closed weak at the CME ahead of direct cash trade and lower wholesale values, with December live cattle down $0.05 at $117.07. Feeder futures were pressured by a higher corn market, with November feeders down $0.80 at $152.50.
Mobridge auction feeder calves were mixed, with steer calves $3 higher and heifer calves $2-3 lower.
Higher corn costs weigh on feeder cattle values, and softer boxed beef values reduce packer bids for live cattle.
brownfieldagnews.comMeghan GrebnerNov 2, 2018Not 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.
