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Feeder cattle futures fell sharply on June 21 as corn moved higher, with August feeders down $4.42 to $227.72. Live cattle were mostly lower, and direct cash trade was quiet with bids in the North at $182-183 live.
Higher corn raises feedlot costs and pressures feeder cattle values, a link that drives short-term feeder price moves.
brownfieldagnews.comMeghan GrebnerJun 21, 2023Not 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.
