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Feeder cattle futures fell sharply on January 12 as corn futures rallied hard after the USDA WASDE report. Live cattle closed mixed, with Nebraska dressed cash trade about $2 lower and boxed beef higher.
Sharply higher corn raises the cost of gaining weight in feedlots, which weighs on feeder cattle values and limits placement appetite.
brownfieldagnews.comMeghan GrebnerJan 12, 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.
