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Cash feedlot trade was very light at $115 live and $185 dressed, matching the bottom of the prior week's range. Corn recovered to within half a cent of its 2019 high, and livestock futures were pressured in mid-May as the US-China trade war flared again.
Light cash trade and weak futures weigh on live cattle, while the corn rally raises feed costs for feeders and supports corn prices.
blog.loewenassociates.comMay 22, 2019Not 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.
