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Live cattle contracts were mixed on February 8, with February down 15 cents and April up 17 cents. Feeder contracts fell as March corn rallied 15 cents, and the Choice boxed beef cutout rose $1.62.
Higher corn prices raise feeding costs and pressure feeder cattle demand, while firm boxed beef supports fed cattle.
wlj.netAnna Miller FortozoFeb 8, 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.
