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CME feeder cattle futures fell to a four-month low on March 1 and live cattle eased as US stocks slid. Corn and wheat rose by their daily limits on fears of prolonged supply disruption after Russia's invasion of Ukraine.
Choice boxed beef also fell 83 cents to $256.68/cwt.
Higher grain costs squeeze cattle feeding margins, which pressures feeder and live cattle prices. Feed buyers face rising input costs as grain rallies.
agcanada.comAGCanadaMar 2, 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.
Corn and wheat rose by daily limits on Mar 1 on fears of prolonged supply disruption, contributing to the week's gain.
