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CME live and feeder cattle futures were mostly lower on Friday ahead of USDA Cattle on Feed and Inventory reports, which initially looked bearish. Direct cash cattle trade was light, with Nebraska cash near $180, and hot weather dampened feeder demand.
Pre-report position squaring and expected bearish USDA data are pushing cattle futures lower, while firm corn adds cost pressure. Routine market commentary with no new fundamental shock.
brownfieldagnews.comMeghan GrebnerJul 20, 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.
