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Live and feeder cattle closed mixed on June 17 ahead of the Cattle on Feed report, with August live cattle down $0.07 at $105.55 and August feeder cattle up $0.32 at $137.25. Cash cattle trade was quiet with bids around $109 live, and Missouri feeder auction prices were steady to firm.
Cattle prices were supported by light cash trade and steady feeder demand, while the upcoming Cattle on Feed report could set direction. Lower corn prices that day gave feeder cattle some support.
brownfieldagnews.comMeghan GrebnerJun 18, 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.
