| CattleLink Market View 4/26/2021 | 8:59 AM CDT Live Cattle: Last week was a gruesome week for the live cattle complex as the week traded lower amid higher boxed beef prices and a rigorous slaughter schedule. The downward pressure didn't lend any favors to the cash cattle market, which traded $4 lower in both the Northern and Southern Plains. Feeder Cattle: The corn market's rally really killed the feeder cattle market's momentum. With cost of gains sharply increasing cattle buyers had to step away from sales until they can better understand the long-term trajectory of the feeder cattle complex. Lean Hogs: Throughout the week, the lean hog contracts fought some mixed pressure but largely managed to close higher once again. Until domestic demand subsides, the market will continue to be supported. Soybean Meal: July soybean meal finished up $19.40 per ton in the past week, rallying sharply along with soybeans and oil as tight stocks and formidable demand continues to support the soy complex. Corn: July corn futures skyrocketed to a 58 3/4-cent weekly gain, as tight stocks, fund demand and bullish Brazilian basis pushed values sharply. (c) Copyright 2021 DTN, LLC. All rights reserved. | 
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