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Yearling cattle sold steady to $4 per cwt higher while calves traded from $3 lower to $4 higher, according to AMS. Feeder cattle futures closed $1.01 lower on the week, and an explosion near Cargill's Dodge City beef plant was reported with the plant expected to be back up to speed.
Firm yearling demand supports feeder values, but seasonally soft demand and the plant incident limit the outlook. Overall price direction is mixed.
beefmagazine.comWes IshmaelNov 1, 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.
