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U.S. cattle markets were highly volatile during the week of December 8, with price swings of $3-5 per hundredweight. Feeder cattle prices fell from nearly $270 in October to about $215 in early December.
Analysts said the WASDE report had little market impact.
Rising cattle supplies and weaker consumer demand for beef are pressuring feeder cattle prices lower. The decline reduces feedlot margins and the value of cattle sold for finishing.
agweek.comMichael JohnsonDec 8, 2023Not 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.
