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Feeder cattle closed lower at the CME on January 13 while live cattle were mostly higher, with April feeders down $1.35 at $187.05. Feeders were pressured by a higher corn move, and direct cash cattle traded around $156 live in Kansas and Texas.
Higher corn prices raise feeding costs, which weighs on feeder cattle values and reduces demand for corn in feedlots.
brownfieldagnews.comMeghan GrebnerJan 13, 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.
