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Live cattle and feeder cattle futures closed mostly higher on 3 March 2021 as traders watched the cash trade develop. April feeder cattle gained $0.82 to $141.30, and lean hogs were supported by steady cash business.
Corn prices moved lower, which provided additional support to feeder cattle.
Lower corn costs improve feedlot economics and support feeder cattle demand. Firm cash trade in hogs and cattle points to steady near-term prices.
brownfieldagnews.comMeghan GrebnerMar 3, 2021Not 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.
