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DTN analyst Todd Hultman says August feeder cattle fell $1.72 to $135.52 per cwt, near two-year lows, after peaking in mid-April. Live cattle gained slightly but remain in a downtrend.
Rising corn prices and slower US economic growth talk are cited as bearish pressures.
Rising corn prices raise the cost of feeding cattle and push feeder values lower, making the feed-cattle price spread a key concern for feed buyers. Corn strength is likely to keep feeder demand under pressure.
dtnpf.comTodd HultmanJun 17, 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.
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.
