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Corn futures have fallen about 40 cents, roughly 10 percent, since late May, with December 2018 contracts hitting a contract low of $3.77 after peaking at $4.26 on May 23. The decline was attributed mainly to trade uncertainty and a strong start to the growing season.
The article discusses the inverse relationship between corn prices and feeder cattle prices.
Lower corn prices reduce feed costs for feedlots and can support feeder cattle prices, while also lowering the cost of grain-based feed for buyers. The sharp corn selloff is a key input to cattle feeding economics.
u.osu.eduSmith atJun 27, 2018Not 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.
