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Live and feeder cattle futures closed lower at the CME on July 31, 2018, with feeder cattle hit hardest by higher corn and soybean prices. Cash cattle trade was untested, with starter bids in Texas at $109-110 live.
Wholesale Choice beef closed weak.
Higher feed grain costs pressure feeder cattle values because they raise the expected cost of finishing animals, which weighs on futures and feeder prices.
brownfieldagnews.comMeghan GrebnerJul 31, 2018Not 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.
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.
