4 min read.
corncattlewheatrates
What moved
Corn front-month added ~1% overnight as export pace remained constructive and old-crop balance sheets narrowed. Feeder cattle extended gains. Wheat drifted on soft export inspections. Rate signals held their recent range.
Why it matters
The corn / feeder relationship matters for feedyard margins and for lenders holding cattle-on-feed collateral. A firmer corn tape combined with a tighter feeder supply picture tightens the cost side of the feedyard calculus.
Watchpoints
Thursday labor data for rate read-through; weekly export inspections; HRW wheat belt moisture.