Loading…
US feeder cattle futures fell on March 31 after limit-up gains in corn and soybeans raised expected feed costs. Live cattle gained on firm beef demand, with boxed beef and cash cattle prices rising.
Lean hog futures slipped under limit-up soybean meal, though hogs stayed near recent highs.
Higher corn and soymeal costs squeeze feeding margins and pressure feeder cattle and hog prices, while firm beef demand supports live cattle.
financialpost.comReutersMar 31, 2021
agcanada.comAGCanadaApr 1, 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.
Notes limit-up soybeans and soybean meal on the report date, confirming the move and feed-cost implications.
It confirms soybean meal went limit-up around the report, showing the size of the rally, but it is dated after the move window.
