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October live cattle closed $0.35 lower at $108.55 and October feeder cattle closed $1.57 lower at $141.35 at the CME on Wednesday. Dressed cash cattle deals were reported at $167 in the North and live deals at $107 in western Nebraska, both $2 higher than the prior week.
Feeder cattle prices were mixed at the Russell Livestock auction in Iowa.
Higher cash cattle and steady auction demand offer modest support, though futures weakness and higher corn costs weigh on feeder cattle values.
brownfieldagnews.comMeghan GrebnerSep 30, 2020Not 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.
