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Pro Farmer reports that feedlots are reaching limits on extending days on feed, as placements hit record lows in July and August. Live weights in August averaged 1,438 pounds, up 28 pounds from a year earlier.
Marketings also set a record low in August.
Tight placements and rising slaughter weights reduce available cattle supply just as feed costs climb, which supports live and feeder cattle prices.
Not 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.