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Texas feeder cattle auctions were mixed for the week ending February 24, 2018, and fed cattle lost $2 to $128 per cwt. Wholesale Choice beef gained $8.49 to $218.37, and export sales were mixed with some destinations seeing increases.
Lower fed cattle prices reduce feeder cattle value and cattle feeding margins, weighing on demand for feed grains and byproducts, while higher wholesale beef supports the complex.
tscra.orgWritten by: kristinFeb 26, 2018Not 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.
