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National feeder and stocker receipts were 206,200 head, down from 262,100 last week. Calf and feeder prices jumped on good demand and strong CME feeder futures, while corn futures fell about 32 cents for nearby contracts.
Lower corn futures reduce feed costs for feedlots, while tight feeder supplies support cattle prices.
capitalpress.comStaff ReportsMay 23, 2023Not 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.
Feeder and stocker prices jumped on good demand and strong CME feeder futures while falling corn lowered input costs.
