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Feeder cattle futures rallied for a third straight session as the food service industry reopened and demand picked up. May feeder cattle rose $1.85 to 147.32 1/2 and June live cattle gained $0.25 to 120.30, while May corn rose 2 cents to 553 1/4.
Reopening food-service demand lifts fed and feeder cattle values, which supports feed demand for corn and other feed ingredients over the near term.
aginfo.netMar 25, 2021Not 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.
Feeder futures rallied for a third straight session on food service reopening and demand, with May feeders up $1.85, directly explaining the sharp 1-day gain ending 3/25.
