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Analysts discuss whether cattle prices can regain footing after the summer slump in fed cattle. LMIC forecasts for third-quarter calf and feeder prices were cited, with a backlog of 750,000 to 800,000 fed cattle noted as a key uncertainty.
A large fed cattle backlog and uncertain demand cap the price recovery outlook for calves and feeders, though sustained slaughter could support prices.
beefmagazine.comWes IshmaelAug 20, 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.
