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Live cattle futures closed lower on May 29, with June live cattle down $1.75 at $99.72 amid falling wholesale beef values and broader market weakness ahead of a presidential China announcement. Feeder cattle fell modestly, limited by lower corn prices.
Cash trade was light at $110-120 live.
Lower wholesale beef and broader market weakness pressure cattle futures, though softer corn prices cushion feeder losses.
brownfieldagnews.comMeghan GrebnerMay 30, 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.
