CME live and feeder cattle futures rose on July 29 ahead of direct cash business, with August live cattle up $1.85 to $229.72 and August feeder cattle up $2.67 to $336.20. Feeder cattle also gained from a lower move in corn futures.
Lower corn prices improve feedlot margins and support feeder demand, which gives feeder cattle futures additional support. The move is a routine short-term price change.
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.