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Fed cattle prices have jumped roughly $5/cwt over the past two weeks as the packing plant bottleneck eases. Packing capacity limits and labor shortages had delayed a rebalancing of cattle and beef markets.
Improved packer throughput clears the fed cattle backlog and supports cash cattle prices, with the market expected to realign and firm further.
tscra.orgLisa BryantNov 8, 2021Not 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.
