
Live and feeder cattle futures rose on September 26, with October feeders up $2.95 to $357.00 on tight supply and weaker corn. Cash cattle trade was light, with a Nebraska-Colorado live deal at $235 below asking prices of $239, and boxed beef closed lower.
Tight feeder supplies and lower corn costs support feeder cattle prices, while softer boxed beef limits packer margins for finished cattle. Feedlot buyers face higher feeder costs.
Not 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.
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.