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Drovers reports that steadily rising cattle harvest data is good news for feeders. It flags a backlog of market-ready cattle created by COVID-19 that could push prices lower.
A backlog of cattle ready for market adds supply pressure on fed cattle prices for the rest of 2020.
lafarmbureaunews.comAvery DavidsonJun 3, 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.
