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Calves traded steady to $4 higher and feeder steers and heifers traded mostly $3-$5 higher, with some lots $7-$10 higher. Buyers became more willing to bid after stable wholesale beef and the prior week's fed cattle rally.
Stronger feeder demand supports feeder cattle prices, though analysts expect fall calf marketings to pressure prices lower later.
beefmagazine.comWes IshmaelSep 23, 2016Not 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.
