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Fed cattle traded $2 to $3 lower than the prior week, with live prices mainly $103 to $107. The Choice boxed beef cutout fell $6.30 from the prior Friday, and the commentary notes that a large harvest facility was out of operation after the Tyson fire.
Packers hold the pricing advantage while feeder cattle supplies are expected to rise, which keeps live cattle prices under pressure and feeder margins thin.
u.osu.eduSmith atSep 4, 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.
