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US live cattle and feeder cattle futures slipped on September 30 after the December live cattle contract hit its highest in over a month. The retreat followed a grain rally after USDA grain stocks came in lower than traders expected, with corn and wheat reaching their highest since March.
Rising grain prices raise feeding costs and reduce feeder buyers' willingness to pay, pressuring feeder and live cattle prices.
thebeefsite.comOct 1, 2020
thecattlesite.comGlobal Ag MediaSep 30, 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.
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.
