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Cattle prices have declined from September levels, yet producers keep selling to capture higher prices amid drought and limited pasture and hay. Feeder cattle over 600 pounds are down 9-10% since September but still 33-35% above a year earlier.
Heavy selling adds feeder supply to the market and keeps cattle prices under pressure, while the sustained pace of placements affects feedlot grain demand.
feedstuffs.comKrissa WelshansNov 14, 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.
