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Live cattle were slightly lower on May 24, 2022, with June closing down a nickel at $132.72 and August down 22 cents, while deferred contracts rose. Cash trade averaged $139.31 on 15,818 head, and feeder cattle firmed as corn fell sharply.
Routine price moves with cash cattle near $139 and firm deferred contracts; the feeder rally reflects lower corn costs.
Not 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.
On May 24 feeder cattle firmed as corn fell sharply, which lowers feedlot cost of gain and supports feeder demand early in the 5-day rally window.
