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Cattle futures fell as corn above $6 per bushel weighed on feeder and live cattle contracts. Cash fed cattle traded at $118-124 while feedlots lacked leverage to push cash prices higher despite strong boxed beef and heavy slaughter.
Expensive corn raises feedlot cost of gain, limiting feeder demand and pressuring cattle values. Feed buyers face higher ration costs as the grain-cattle price squeeze persists.
wlj.netAnna Miller FortozoApr 22, 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.
