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CME feeder cattle futures firmed on July 26 as Chicago corn futures dropped sharply, lowering feed costs. Lean hogs mostly firmed on short-covering and a delayed seasonal pork demand lift, with the pork cutout at $106.22/cwt.
Lower corn lowers feedlot costs, supporting feeder cattle bids; the move is a routine daily wrap with no new fundamental shock.
marketscreener.comReutersJul 26, 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.
