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CME live cattle futures eased on Wednesday as packers slowed purchases ahead of a short processing week after the Fourth of July holiday. Feeder cattle settled lower amid pressure from volatility in corn futures, and packer margins were mixed.
Slower packer buying and softer feeder prices signal reduced near-term demand for cattle, while corn volatility affects feeding costs for feeder cattle.
agriculture.comReutersJun 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.
