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Live and feeder cattle closed sharply lower on April 22, with feeders leading declines on higher corn. April live cattle fell $1.45 to $118.32, while Choice boxed beef closed up $1.85 at $282.31 amid good demand.
Corn strength drives feeder cattle values lower by raising feeding costs, while boxed beef firmness supports fed cattle. The routine price move reflects the feed-versus-beef demand balance.
brownfieldagnews.comMeghan GrebnerApr 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.
