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Feeder cattle futures fell limit down over the week as the cattle complex weakened on rising placements and uncertainty over corn supplies. Live cattle futures lost $1 to $3 on Thursday, and Choice cutout closed up about $2 at $223.58.
Rising feedlot placements add supply, while corn supply uncertainty raises feed costs, both pressuring cattle prices.
wlj.netKerry Halladay, WLJ Managing EditorMay 31, 2019Not 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.
Feeder futures fell limit down over the week as corn surged and placements rose, directly describing the 5-day drop.
Reports feeder futures fell limit down as corn surged and placements rose, directly describing the drop around May 30.
