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Feeder and live cattle futures rose on May 28, 2024 after the Friday On Feed report, with feeders leading gains on a lower corn move. Boxed beef was sharply higher at midday and August feeder cattle closed $4.37 higher at $264.60.
Lower corn costs support feeder cattle values and feedlot margins, while tight feeder supplies keep cattle prices firm for buyers of feed.
brownfieldagnews.comMeghan GrebnerMay 28, 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.
