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Live cattle and feeder cattle futures closed lower at the CME on Monday, with August live cattle down $0.20 to $108.42 and August feeders down $0.80 to $151.50. Boxed beef closed weak on light demand, and Oklahoma feeder prices were mixed with steer and heifer calves mostly higher.
Weak cash cattle demand and softer boxed beef values weigh on the cattle complex, while higher corn futures add cost pressure to feeder cattle. Lean hog firmness on a discount to cash is a routine market observation.
brownfieldagnews.comMeghan GrebnerJul 30, 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.
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.
