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Corn futures traded near the daily limit down on May 25, 2021, while cash cattle held a sideways trend. June live cattle closed about $116.72 and August near $120.10, with 23,915 head of cash cattle sold.
Choice boxed beef rose $2.09 to $329.92.
Packer throughput lagging front-end fed supplies keeps cattle carrying forward, limiting upside in deferred cattle futures. The sharp corn drop is a routine feed-cost offset for feedlots.
wlj.netCharles WallaceMay 25, 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.
Corn futures traded near limit down on May 25 while cash cattle held steady and boxed beef rose, a lower input cost and firm beef backdrop that favors feeder cattle values.
