# August | 2020 | Ohio BEEF Cattle Letter | Page 2

> Kentucky livestock economist Kenny Burdine says fed cattle are trading above $104 per cwt in mid-August, nearly $10 above early July. CME feeder futures are in the mid-to-upper $140s for fall, and the cattle backlog is slowly clearing as slaughter runs near year-ago levels.

- Date: 2020-08-05 · published 2020-08-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51575-august-2020-ohio-beef-cattle-letter-page-2
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Firmer fed and feeder cattle prices support the cattle complex heading into fall marketings. Slaughter weights and the pace of backlog clearance will determine whether gains hold.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- u.osu.edu: https://u.osu.edu/beef/2020/08/page/2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.