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Calf and feeder cattle prices rose $2-$7 per cwt nationally during the week, according to USDA AMS. Feeder Cattle futures gained an average of $2.65 and the CME Feeder Cattle Index rose $2.44 to $138.53.
Yearlings are still coming off abundant summer grass, and feeder producers are holding cattle hoping for a continued rally.
Firmer futures and cash fed cattle prices are raising what buyers will pay for calves and feeders. Holding back supply while grass lasts could keep feeder prices supported into the fall.
beefmagazine.comWes IshmaelSep 21, 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.
