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Rising beef supplies and large competing protein supplies are eroding fed cattle prices. Rabobank cut its fourth-quarter fed steer forecast by $5 to $125 per cwt after the third-quarter average ran at $117.
Heavier beef output and rival proteins weigh on fed cattle prices, and carcass weight trends will determine tonnage and price direction for the rest of the year.
capitalpress.comCarol Ryan DumasSep 28, 2016Not 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.
