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CME feeder cattle futures fell on Friday as grain and soybean futures rallied on concerns that heat and dryness in the US Midwest will cut autumn yields. September feeders closed down 2.05 cents at 182.20 cents per lb, and October live cattle settled 0.60 cents lower.
Lean hog futures ended mixed.
Higher corn and soybean prices raise feed costs for feedlots, which pressures feeder and live cattle values. Weather-driven grain strength is feeding directly into livestock margins.
thecattlesite.comGlobal Ag MediaAug 28, 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.
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.
