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Cattle futures gained during the week, supported by higher wholesale beef values and seasonally fewer fed cattle near term. Feeder cattle sold unevenly, and the market reacted only subdued to the Cattle on Feed report showing 13.5 percent higher September placements.
Profit-taking pulled prices slightly lower to end the week.
Firm wholesale beef values and tight near-term fed supplies support cattle prices, which keeps feedlot and feed demand steady.
beefmagazine.comWes IshmaelOct 28, 2017Not 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.
