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Feeder cattle closed lower on June 30 as corn futures moved higher that day. August feeder cattle fell 65 cents to 132.85 and September fell 90 cents to 133.37.
Cash trade was light, with Northern dressed deals at $148 to $155 and Southern live deals around $91 to $92.
Higher corn costs weigh on feedlot margins and reduce bids for feeder cattle, so grain price moves feed directly into cattle values.
brownfieldagnews.comMeghan GrebnerJun 30, 2020brownfieldagnews.comMeghan GrebnerJul 1, 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.
