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Federal-State feeder and stocker cattle receipts for the week ending June 21 totaled 214,500 head, down from 289,400 the prior week. Feeder cattle contracts gained over the week as corn futures fell on Corn Belt rains, with August feeders closing at 159.55 and September at 161.25.
Lower corn prices reduce feeding costs, supporting feeder cattle values; the rally in feeders tracks the decline in new-crop corn.
capitalpress.comStaff ReportsJun 28, 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.
