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The fed cattle market has recovered from the Tyson Holcomb plant fire, with sales near $113 per cwt in October. USDA's October Cattle on Feed report showed marketings on pace with last year and a 120-day inventory in line with seasonal patterns.
Expected reopening of the Holcomb plant within 60 days should let the industry absorb larger supplies, while CME April contracts trade at lifetime highs, indicating firm forward cattle prices and steady feed demand.
beefmagazine.comNevil SpeerNov 7, 2019Not 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.
