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US live cattle futures fell for a second session on December 30 as corn futures touched a 6.5-year high of $4.76 a bushel after Argentina moved to restrict corn exports. Feeder cattle futures tumbled 1.475 cents to 139.750 cents per pound, while cash cattle traded at $111 per cwt in the southern Plains.
Higher corn costs squeeze feedlot margins and reduce feeder cattle demand, while Argentina's export restriction tightens global corn supply and supports feed grain prices.
thecattlesite.comGlobal Ag MediaDec 31, 2020Not 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.
