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Live cattle futures closed lower ahead of the Friday On Feed report, while feeder cattle rose on lower corn prices. Cash cattle trade was quiet, with live deals in Kansas at $142.
Lower corn supports feeder cattle prices by improving feeding margins, while the On Feed report sets near-term fed cattle supply expectations.
brownfieldagnews.comMeghan GrebnerFeb 25, 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.
