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Feeder cattle volume at auction fell sharply in the week ending March 6, 2020, with volume cut nearly in half week over week. The market was still recovering from the prior week's dramatic price dip.
Sellers held cattle back as prices fell.
Reduced feeder supply at auction tightens near-term availability but reflects producer reluctance to sell at depressed prices. Lower volume signals weak price confidence for feeders.
je.stKasat Sp. z o.o.Mar 6, 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.
