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Fed cattle prices recovered from a short-term low of $181.07/cwt in early September after an August slide of $12.43/cwt. Packers increased slaughter, and steer weights reached 941 lb, just one pound below the record.
Rising steer weights add beef supply and pressure fed cattle values, while packer margin swings influence slaughter pace.
cabcattle.comPaul DykstraSep 27, 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.
