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Feeder cattle and hog futures fell after corn rose sharply following a USDA crop projection adjustment. Live cattle futures closed slightly higher on short covering ahead of cash business.
Higher corn costs pressure feeder cattle and hog values because feed is a major cost for finishing animals, which weighs on feeder demand.
brownfieldagnews.comMeghan GrebnerJun 11, 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.
