Loading…
CME live cattle rallied on technical buying and as the futures contract narrowed its discount to cash prices. Feeder cattle gained as corn futures fell sharply for a second straight session and ended the week down nearly 10%.
Cheaper feed corn lowers feedlot costs and supports feeder cattle values, while the futures rally reflects a narrowing gap to cash trade.
reuters.comKarl PlumeJul 1, 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.
