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Live and feeder cattle futures rose on the first trading day of the week, with June live cattle up $2.55 to $135.20 and August feeders up $5.80. Corn futures fell, supporting feeder gains.
Cash trade started slowly with a few early bids near $230 dressed and $146 live.
Lower corn costs and oversold signals support feeder and live cattle prices, which improves feedlot margins. Cash bids will set the level for the remainder of the week.
brownfieldagnews.comMeghan GrebnerMay 2, 2022Not 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.
Live and feeder futures rallied on the first trading day of the week, with August feeders up $5.80 and corn lower, matching the size and direction of the move.
