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Fed cattle traded $2 to $3 lower in the week to November 12, with the 5-area live average at $114.65 per cwt. The Choice boxed beef cutout fell to $200.36.
Feeders face thin margins as fed cattle prices keep declining.
Lower fed cattle and beef cutout prices signal weaker packer and feedlot demand for cattle. Feeders are restocking pens, which supports feeder cattle prices in the near term.
drovers.comNov 13, 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.
