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On May 26, 2022, live cattle closed mixed, with June up 10 cents to $132.40 while deferred contracts fell 2-52 cents. Feeder cattle closed lower despite a disappointing corn export report, and cash trade averaged $140.44 on 8,833 head.
Weak cash trade and a June discount to cash signal soft near-term demand for cattle, while a poor corn export report weighed on feed markets.
wlj.netCharles WallaceMay 26, 2022Not 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.
Same-day market wrap reports feeder cattle closing lower amid weak corn exports, directly describing price action on the move date, though it does not explain a large 7.6% swing.
