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Feedlot marketings in September were 5.4 percent above a year earlier, with lighter carcass weights as feeders moved cattle quickly. Fed cattle prices were more than $10 per cwt above a year ago.
Analysts said market incentives continue to pull cattle forward from feedlots.
Aggressive marketing and lighter weights reduce beef supply per animal and keep fed cattle prices elevated, supporting cattle prices.
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.
