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Live and feeder cattle futures closed higher at the CME on optimism about cash trade, with feeders also supported by a lower corn market. Cash bids were scarce, with early asking prices around $174 to $175 live in the South, and feeder steers at Missouri auctions traded higher.
Firm cash cattle and feeder prices raise the cost of feeder inputs for buyers, while lower corn offers partial relief on feeding costs.
brownfieldagnews.comMeghan GrebnerApr 11, 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.
On Apr 11 live cattle futures closed higher on cash optimism with scarce bids and asking prices of $174-175, plus lower corn supporting feeders.
