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Feeder steers and heifers sold 3 to 8 dollars higher in the week ending May 5, with some lots up 10 to 12 dollars on very good demand. Heavy rain and snow across the Midwest and Southern Plains closed rural roads and hampered cattle movement to sale barns.
Limited feeder supply and weather-disrupted movement tightened availability, supporting higher feeder cattle prices as buyers restocked pens.
lancasterfarming.comMay 5, 2017After 79 past bullish weather events, FCATTLE moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
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.
