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CME feeder cattle futures firmed for a fifth straight session as corn, a key feed input for producers, continued to fall. Cash cattle traded at $157 to $159 per cwt in the northern plains, and several life-of-contract highs were set for summer and fall live cattle futures.
Lower corn costs ease the feed burden on cattle feeders, which supports feeder and live cattle values. Corn itself faces softer prices from the same input-cost story.
agriculture.comDec 5, 2022Not 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.
