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On March 1, 2022, live and feeder cattle futures closed lower at the CME, with feeders pressured by higher corn. Choice boxed beef closed $0.83 lower at $256.68, and cash trade was quiet with few deals reported.
Rising corn costs and weaker boxed beef reduce feeder cattle values, dampening feedlot demand for grain and feed.
brownfieldagnews.comMeghan GrebnerMar 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.
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.
