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Live cattle futures were mixed in light trade on April 18, 2019, supported by higher cash trade, while feeder cattle closed higher on support from cash and a weaker corn market. The Cattle on Feed report was viewed as neutral to bearish, and cash fed cattle traded $2-$3 higher in the North and South.
Higher cash fed prices underpin the futures complex, while the neutral-to-bearish Cattle on Feed report and weaker corn add mixed signals for feeder prices.
brownfieldagnews.comMeghan GrebnerApr 18, 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.
On April 18 feeder cattle closed higher on firmer cash trade and a weaker corn market (lower feed cost), directly supporting the rally into the move.
