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A High Plains Journal producer column reports that feeder steers sold $3 to $7 per hundredweight higher over the prior two weeks, and heifers $2 to $5 higher. It also notes that packers' concentration gives them a large share of fed cattle buying.
Stronger feeder sale prices and slowing feeder supply point to firmer feeder cattle values in the near term.
hpj.comHPJ StaffJun 5, 2020Not 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.
