# Market Closes - February 28, 2019 - Kentucky Farm Bureau

> CBOT grain and soymeal futures closed lower on February 28, 2019, with old-crop corn and soymeal at five-month lows and Chicago wheat at contract lows. Cattle futures also fell, while the January 1 Cattle Inventory showed 94.8 million head, up 500,000 from a year earlier.

- Date: 2019-02-28 · published 2019-02-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/11844-market-closes-february-28-2019-kentucky-farm-bureau
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Heavy delivery pressure, weak export sales (39 mmt YTD, lowest since 2012/13) and stalled China talks weigh on feed grain and meal prices. Larger cattle inventory signals future beef supply growth, a bearish influence on feeder cattle values.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- kyfb.com: https://www.kyfb.com/federation/newsroom/market-closes-february-28-2019/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.