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Live and feeder cattle futures rose, with feeders leading on lower corn and losses in other feed commodities. Direct cash trade was steady to higher at $151 to $152 live in Texas and Kansas and $154 to $155 in Nebraska and Iowa.
USDA reported beef exports down modestly, and most analysts expected a decline in cattle placements in the upcoming Cattle on Feed report.
Steady-to-higher cash prices and lower corn costs support cattle margins, while the expected placement decline points to tighter feeder supplies ahead.
brownfieldagnews.comNov 17, 2022Not 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.
