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The fed cattle market declined seasonally in early September as Labor Day approached, with the Southern cash price falling from $104 to around $102. Western Canadian trade also eased by $3-4.
Analysts noted the boxed beef cutout had rallied more than expected, and feeder cattle remained firm.
Seasonal fed cattle declines and firm feeder prices reflect steady demand for placements, with no feed supply concerns cited. Feed buyers should expect stable grain demand from feedlots.
realagriculture.comRealAgriculture News TeamSep 5, 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.
