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Feeder cattle saw short covering ahead of the Cattle on Feed report as corn eased. Cash cattle trade was disappointing and lower, with packers and feedlots pressured by feed costs pushing cattle to move at optimum weight.
High feed costs are forcing feedlots to market cattle quickly, weighing on cash prices. Easing corn offers temporary support to feeder values.
rrfn.comCarah HartApr 23, 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.
