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Negotiated cash fed steer prices were $1 to $6 higher in several regions in the week to Nov. 6, around $107/cwt live, but still well below a year earlier.
Year-to-date cattle slaughter was 3.73% below last year and beef production 1.11% lower. Futures closed mixed with Live Cattle slightly higher.
Lower year-to-date slaughter and beef output support cattle prices, though the weekly moves are routine and the market impact on feed demand is modest.
cattlecurrent.comWLINov 7, 2020Not 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.
