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CME live cattle futures were mostly lower while feeder futures rose sharply, with feeders supported by lower corn prices. Direct cash cattle trade was light and boxed beef closed higher on heavy movement.
Lower feed costs improve feeder cattle profitability and demand, while mixed live cattle moves reflect thin cash trade and no established price trend.
brownfieldagnews.comNov 2, 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.
