Cattle futures rebounded early Monday after a losing week in which December live cattle fell $10 and January feeders dropped $13.57. Corn gained on a large Mexican purchase, while the rest of the grain complex was lower.
Stocks rose on news of possible progress in Iran negotiations.
A lower cash fed trade and weaker futures pressured cattle values, and cattle feed demand is tied to corn prices. A sizable Mexican corn purchase supports corn values, though the cattle bounce looks like a technical recovery.
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.