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Fed cattle bids were mostly steady and packers were not chasing extra cattle early in the month. The Choice cutout had fallen for four straight days as grilling season ended, and a weak jobs report and expiring unemployment benefits raised concern about beef demand.
Softer wholesale beef and weaker demand could limit cattle price gains, while lower pork bellies and backing-off hog prices weigh on hog values.
wisfarmer.comJeff SwensonSep 3, 2021Not 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.
