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Live and feeder cattle futures closed higher at the CME, supported by firmer boxed beef and a lower corn move that helped feeders. Cash cattle bids were $172 live in the south and $285 dressed in the north, and feeder steer prices at Interstate Regional Stockyards were mostly firm to higher.
Choice boxed beef closed $1.61 higher.
Firmer boxed beef and cash bids support cattle futures, while lower corn prices reduce feeding costs. Daily moves reflect routine trade rather than a new supply shock.
brownfieldagnews.comMeghan GrebnerApr 26, 2023Not 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.
Feeder futures closed higher on April 26 on firmer boxed beef and lower corn, which shows momentum and input-cost support heading into the April 27 jump.
