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Negotiated cash fed cattle traded mostly $1 lower at $112/cwt in the week ending July 27, and Choice boxed beef was lower on Monday. Feeder cattle futures fell on higher corn prices.
Oklahoma State's Derrell Peel said building U.S. beef exports to China will take time because beef is expensive there.
Softer cash cattle and beef cutouts, together with higher corn costs, weigh on cattle futures and feeder values.
cattlecurrent.comWLIJul 30, 2018cattlecurrent.comWLIJul 28, 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.
