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US live cattle and feeder cattle futures firmed on July 28, 2020, with August live cattle settling 0.475 cents higher at 100.900 cents per pound. Traders expected higher cash prices for slaughter-ready cattle as show lists shrank, and feeder futures gained as corn futures fell on expectations of a large autumn harvest.
Smaller show lists support cash cattle prices, and cheaper corn improves feedlot margins, which supports demand for feeder cattle and their futures prices.
thecattlesite.comGlobal Ag MediaJul 28, 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.
