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CME live and feeder cattle futures fell on July 29, with feeders leading lower as corn prices rose. August feeder cattle dropped $1.67 to $158.50 and boxed beef closed higher on good demand.
Higher corn prices weigh on feeder cattle values because they raise feedlot costs and reduce placement demand. This is routine market movement with no major new supply shock.
brownfieldagnews.comJul 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.
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.
