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Montana cattle sold at auction in Billings at prices about $10 lower than a year earlier, with nearly 50,000 head offered. Auction executives attributed the weakness to higher feed costs tied to the spring planting delays in the U.S. Corn Belt.
Higher corn prices raise feeding costs and reduce what feedlots can pay for calves, pressuring feeder cattle values.
kpax.comMTN NewsJul 1, 2019Not 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.
