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Cash cattle volumes were strong in late April, with 135,487 head traded in the week ending April 29, the largest since summer 2020. Analysts expect the cash market to turn seasonally lower as calf-fed cattle supplies become available to packers.
Rain and wet forecasts sent corn and soybean futures sharply lower on May 2.
Seasonal packer supply shifts and growing showlists tend to cap cash cattle prices. Rain forecasts lower grain prices, which can ease feed costs for feeders.
Not 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.
