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On March 3, 2022, live and feeder cattle futures closed lower at the Chicago Mercantile Exchange, pressured by weaker cash and wholesale trade. Cash live cattle in the South traded around $140, about $2 below the prior week.
Softer cash cattle and boxed beef prices lower feedlot returns and reduce cattle placements, which trims demand for feed grains and feed ingredients.
brownfieldagnews.comMeghan GrebnerMar 3, 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.
