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Fed cattle and beef prices softened this week. Live cash cattle fell $3 to $5 in the Southern Plains and Nebraska, and feeder steers and heifers sold $1 to $5 lower.
Concern over trade and rising fed cattle supplies in coming weeks points to lower cattle prices, which weakens feedlot demand for feed.
beefmagazine.comWes IshmaelMar 31, 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.
Sharply lower cash fed cattle and weaker feeder sales that week reduced demand and pressured feeder futures.
