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CME live cattle futures fell on profit taking after last week's direct trade and a drop in the Dow Jones, while hog-related wording in the headline refers to a cattle market wrap. June live cattle declined $1.52 to $103.12 and feeder cattle were mixed on lower corn.
Ample fed cattle supplies through mid-summer and good packer margins keep cash cattle steady, while lower corn provides some feeder support. The move is routine price action without a new fundamental shock.
brownfieldagnews.comMay 29, 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.
