Morning Ag Markets – 5/4/21 – Pete Loewen
Another wild ride of ups and downs to start the week in the corn market resulted in a wild ride and broad range of trade in the feeder cattle futures as well. You couldn’t tell it by the closes though, because the settle was mixed from mildly higher to mildly lower on the front five months in feeders and up around $1 in the January and deeper deferreds. Live cattle were lower on the front two and higher on the back end and actually a little ugly looking on the now front month June contract that closed more than $1 lower, along with being $3.70 discount to the top end of last week’s Southern Plains cash. The national feeder and stocker cattle summary that comes…