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Live and feeder cattle futures rose at the CME following the Friday On Feed report, with feeders supported by lower corn. Choice boxed beef closed higher and cash cattle trade was quiet ahead of the holiday-shortened week.
Lower corn costs improve feedlot margins and support feeder demand, while firmer cattle futures and boxed beef reflect tight market-ready supplies.
brownfieldagnews.comMeghan GrebnerNov 21, 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.
