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Live cattle futures were mixed on February 1 as traders waited for widespread direct cash trade. Feeder cattle were modestly lower, pressured by firm corn prices.
Direct cash cattle traded mainly at $198 to $199 dressed in Iowa and Nebraska.
Feeder cattle prices are sensitive to corn costs, so firm corn pressures feeder values. Otherwise, the cattle market is awaiting cash price discovery.
brownfieldagnews.comFeb 1, 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.
