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Texas feeder cattle auctions were higher and November feeder cattle futures closed at $159.70/cwt. Fed cattle cash traded at $120.00/cwt and corn cash and December futures both gained 2 cents, while wheat slipped a penny.
Choice boxed beef rose $4.07 to $207.39/cwt.
Firm feeder and fed cattle prices and a modest corn gain support feed-buyer costs for cattle operations, while lower wheat trims a possible substitute price. The moves are routine and do not signal a new supply or demand shock.
texasagriculture.govOct 29, 2017Not 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.
