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Cattle markets were slow last week as traders cited coronavirus uncertainty and a typical seasonal low. Boxed beef cutout trended lower, closing at $206.01 for Choice, and slaughter ran about 5,000 head behind last year's pace.
Routine seasonal softness with weak cutout values points to modestly soft cattle prices near term, with coronavirus a minor sentiment factor rather than a confirmed demand shock.
wlj.netPete Crow, WLJ publisher emeritusFeb 17, 2020Not 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.
