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CME November feeder cattle futures fell on Wednesday as corn prices rose after a large US grain sale to Mexico. December live cattle settled slightly higher on firmer boxed beef values, and lean hogs rose 2.5 cents.
Rising corn prices raise feeding costs for livestock, pressuring feeder cattle values, while a large export sale supports corn demand.
thecattlesite.comMelanie EppOct 17, 2024Not 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.
