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fell $3-11 per hundredweight week over week as test auction volume rose to 41,400 head. Slaughter cow prices dropped $1-3 after the cow cutout fell to $175.91, more than $8 lower than the previous Wednesday.
Larger feeder supplies combined with a falling cow cutout signal weaker beef values and pressure on feeder cattle prices. Feeder buyers may see lower near-term input costs.
beefmagazine.comEd CzerwienFeb 27, 2020Not 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.
