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Live and feeder cattle futures closed lower on August 29, with feeder cattle falling more sharply as corn rose. Boxed beef closed higher on solid demand, and estimated slaughter was 122,000 head.
A higher corn move raises feeding costs and pressures feeder cattle values, while firm boxed beef supports fed cattle prices.
brownfieldagnews.comMeghan GrebnerAug 29, 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.
