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Live and feeder cattle futures closed lower on January 4, with February live cattle down $1.10 to $137.82 and March feeders down $3.17 to $166.35, with feeders leading losses on higher corn. Boxed beef closed higher, and Joplin feeder cattle sales were $3 to $6 higher.
Higher corn costs pressure feeder cattle values because they raise feeding costs and reduce what feedlots can pay for placements.
brownfieldagnews.comMeghan GrebnerJan 6, 2022brownfieldagnews.comMeghan GrebnerJan 4, 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.
