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USDA's Agricultural Marketing Service now publishes separate Iowa and Missouri direct feeder cattle reports, giving more localized calf prices. Iowa auctions handled about 385,000 feeder cattle in 2020, down 8% from 2019.
Better local price data helps producers value calves, but the report itself has little direct price impact; higher feeding costs are noted as a offset to smaller calf crops.
farmprogress.comLee SchulzJan 29, 2021After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% 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.
