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Live cattle futures eased on Friday as global financial markets fell after President Trump tested positive for coronavirus. Disappointing U.S. payroll growth raised worries about beef demand, though cash fed cattle prices near $107/cwt gave some support, and feeder futures fell with rising corn prices after USDA's tighter-than-expected corn supply report.
Weaker cattle futures and firm cash prices give mixed signals for feedlot margins; higher corn costs weigh on feeder cattle values and feeding economics for buyers.
agcanada.comAGCanadaOct 2, 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.
