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Negotiated cash fed cattle traded steady to $1 higher at $120/cwt in the Southern Plains, and live cattle futures closed about 40 cents lower. Choice boxed beef rose 59 cents to $205.09, and USDA's outlook projected record US corn production for 2020-21.
Heavy cattle supplies and weaker outside markets pressure futures, while the large projected corn crop points to ample feed supplies and lower feed costs.
cattlecurrent.comWLIFeb 22, 2020Not 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.
