Loading…
The Oct 4 National Feeder and Stocker Cattle report showed receipts of 257,600 head, down from 306,700 a week earlier and 336,400 a year ago. Steers and heifers sold uneven, $1 lower to $3 higher, with demand strongest for Dakota and Nebraska yearlings.
Lower receipts and firm yearling demand support feeder values, while heavy discounts on unweaned calves signal weak demand for calves with health risk. Net impact on feeder prices is neutral.
capitalpress.comStaff ReportsOct 4, 2019Not 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.
