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Oklahoma State University economist Derrell Peel said cattle prices in 2017 have been stronger than expected after heavy losses in 2016. Feeder and fed cattle prices were well above year-earlier lows at year-end.
Producers described a recovery in profits.
Prices running above expectations support cattle values heading into year-end, and feeder cattle demand is improving as producers rebuild herds.
farmprogress.comShelley E. HuguleyNov 3, 2017Not 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.
