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DTN's Todd Hultman reports October live cattle closed at $109.97 and October feeder cattle at $142.85 in mid-July, both in trading ranges. Feeders have faced bearish pressure from rising corn prices since May, while lean hogs rallied earlier on African swine fever optimism.
Cattle prices remain range-bound, with corn strength weighing on feeder values and a weak economic outlook limiting breakout potential.
dtnpf.comTodd HultmanJul 15, 2019Not 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.
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.
