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Grain futures fell for another week, with corn hitting a seven-year low on a front-month basis and Chicago wheat at a 10-year low. Soybeans reached their lowest level in more than four months, pressured by favorable US weather and a stronger dollar.
Live cattle futures collapsed to new contract lows after a sharp drop in cash cattle prices to $110.
Abundant global wheat supplies and favorable US crop weather keep grain prices under pressure, which lowers feed ingredient costs for buyers. Weak cattle prices also reduce demand for feed in the livestock sector.
agrimarketing.comSep 6, 2016Not 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.
Notes live cattle collapsed to new contract lows after cash fell to $110, with a stronger dollar adding to broad pressure.
