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Feeder cattle and cull cow receipts rose ahead of Labor Day closures, with 30,200 feeder head at test auctions for the week ending Sept. 4.
Feeder cattle prices continued to decline after peaking a few weeks earlier, following lower fed cattle prices. Cow meat prices improved.
Lower fed cattle prices pressure feeder values, reducing the appetite for feed-intensive placements in the short term. Feed demand from cattle operations is expected to remain seasonal.
beefmagazine.comEd CzerwienSep 4, 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.
