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U.S. cash fed cattle traded around $103-104 per cwt, while Canadian prices held in the mid-$130s, both in a sideways range for about eight weeks. Cut-out values fell about $5 in the week.
Analysts expect seasonal strength in the fourth quarter, and noted that grain rallies could pressure cattle.
Sideways cattle prices and rising feed grain costs point to a squeeze on feedlot margins, though seasonal fourth-quarter demand could lift fed cattle prices later.
realagriculture.comRealAgriculture News TeamSep 19, 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.
