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Live cattle closed mixed on March 31 while April feeder cattle fell $2.95 to $143.87 as corn rallied sharply. Choice boxed beef rose $2.29 to $247.12 on good demand.
Sharply higher corn raises feedlot costs, pressuring feeder cattle values, while firm boxed beef supports fed cattle prices.
brownfieldagnews.comMeghan GrebnerMar 31, 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.
