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Cattle prices at southeastern auction markets dipped in August, with 500 to 600 pound steers falling from about $270 to near $250 per cwt. CME October feeder futures traded near $240, down from roughly $256 at the end of July.
The decline in regional and futures feeder prices reflects softer demand and seasonal pressure, cutting into cattle-feeding margins. Buyers can expect feeder cattle costs to ease from recent highs.
u.osu.eduSmith atAug 21, 2024Not 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.
