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Live cattle were mixed and feeder cattle mostly higher ahead of direct cash trade, with April live cattle up $0.40 at $162.52. Feeder cattle found support from a mostly lower corn market.
Auction feeder prices were mixed, with some lighter heifers lower.
Lower corn prices support feedlot margins and cattle placements, while mixed feeder prices show limited direction for cattle demand for feed.
brownfieldagnews.comMeghan GrebnerMar 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.
