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CME live cattle futures were modestly higher and feeder cattle sharply lower on June 30, 2021, with August live cattle at $122.72 and August feeders down $2.77 to $154.62. Direct cash cattle traded at $120 to $122 live in the South, and Choice boxed beef closed $1.05 higher.
Feeder cattle are pressured by higher corn costs and the cash cattle trade sets live cattle values, so feeder-cattle weakness tends to weigh on cattle-feed demand and feeder pricing.
brownfieldagnews.comJun 30, 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.
