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The Capital Press federal-state report shows feeder and stocker cattle sold steady to lower in the week ended May 1, with strong demand at Nebraska auctions. Large graze-out wheat cattle runs in the Southern Plains are beginning, with receipts topping the prior year for the first time in 10 weeks.
Heavier Southern Plains supply and steady-to-lower feeder prices point to modest pressure on feeder cattle values, with corn demand from feedlots tied to placements.
capitalpress.comStaff ReportsMay 1, 2020After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
