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Live and feeder cattle futures closed lower on June 23 ahead of the USDA Cattle on Feed report, with boxed beef sharply lower. Auction prices for feeder steers ranged from $134 to $162.50 per hundredweight at the Ozarks Regional Stockyards.
Profit-taking and weaker boxed beef reduce near-term cattle values, though strong auction demand supports feeder pricing.
brownfieldagnews.comMeghan GrebnerJun 23, 2021Not 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.
