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Live and feeder cattle futures were lower on Wednesday, with October live cattle down $0.22 to $121.77 while corn prices rose. Cash cattle trade was light to moderate near $124 in the South, and boxed beef cutout values fell sharply.
Higher corn costs pressure feedlot margins and the futures complex, while softer boxed beef demand signals weaker packer and cattle values.
brownfieldagnews.comSep 29, 2021Not 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.
