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CME live cattle futures were mixed, with February live down $0.07 to $156.82 and feeders lower on higher corn prices. Cash cattle trade was at a standstill, with asking prices reported at $158 live in the south.
Choice boxed beef gained $8.09 to $280.04 and the estimated weekly slaughter was 128,000 head.
Higher corn prices pressured feeder cattle, while firm boxed beef and steady slaughter support live cattle values.
brownfieldagnews.comDec 27, 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.
