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The Federal-State feeder and stocker report for the week ending October 4 showed receipts of 218,900 head, down from the prior week. Prices were unevenly steady, with calves 2-5 dollars lower in the Southeast and demand strongest for calves in the Northern Plains.
True yearlings over 800 lbs sold steady to higher. Harvest was progressing quickly.
Seasonal calf pressure and lighter Southern demand weigh on feeder values, while fast harvest progress supports feed grain availability.
capitalpress.comStaff ReportsOct 4, 2021After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
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.
