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Cattle prices surged earlier on robust beef demand and tight supply but recently fell. R-CALF's Bill Bullard attributes the decline to packers shortening kill weeks and rising beef imports that substitute for domestic beef.
Lower cattle demand from packers and import competition reduce feedlot pricing power and could slow restocking demand for feed.
aginfo.netDec 20, 2023Not 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.
