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Negotiated fed cattle sales rose 50 cents to $1 higher in the week, and the Choice beef cutout averaged $308.43. Fed cattle supplies are not expected to rise before year-end, and packers are operating at negative margins.
Tight fed cattle supplies and firmer wholesale beef values support live cattle prices through the end of the year.
thefarmwi.comThe FarmOct 18, 2024Not 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.
