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US cattle feeders continue to hold large numbers of cattle on feed for 150 days or more, keeping front-end supply above 2019 levels. Cash cattle prices have traded in a narrow range, averaging $122-124 per cwt after a September high.
Ample market-ready supply caps cash cattle prices and limits feedlot demand for corn and meal, keeping pressure on fed cattle values until the front-end supply shrinks.
beefcentral.comGuest AuthorOct 7, 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.
