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Live cattle closed lower on the CME on Friday, with October live cattle down $0.85 at $143.27 and feeder cattle down more than $3. Cash cattle trade was quiet, with Northern dressed deals around $228 and Southern live deals steady at $143.
Feeder cattle sales in South Dakota were mixed, with steers mostly steady and heavier steers lower.
Softer futures and cash prices lower the value of feeder and fed cattle heading into October and November. Buyers can expect cheaper cattle, though weakness in corn futures has added pressure to feeder values.
brownfieldagnews.comMeghan GrebnerSep 30, 2022Not 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.
