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Live cattle and feeder cattle futures closed higher on April 29, 2021, with June live cattle up 60 cents to $116.05 and the Choice boxed beef cutout up $1.26 to $293.76. Cash steers traded at $119-120 and corn futures were also higher that day.
Routine price moves with strong boxed beef demand supporting cattle values, while higher corn costs weigh on feedlot margins. Feed buyers should expect continued firm cattle prices within an established range.
wlj.netCharles WallaceApr 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.
