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Live cattle and feeder cattle futures closed lower at the CME ahead of Friday's Cattle on Feed report. Feeder cattle pressure came from a modestly higher move in corn.
Southern live cattle deals were marked at mostly $105, $2 higher than the prior week.
Higher corn costs pressure feeder cattle values, while firm cash cattle prices give some support to live cattle.
brownfieldagnews.comMeghan GrebnerSep 25, 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.
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.
