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Feeder cattle futures closed higher for the week after a rally, but cash feeder and fed cattle prices stayed under pressure. Steers and heifers sold $2-$6 lower and calves as much as $10 lower at Sioux Falls.
Live cattle futures also recovered from prior losses.
Lower cash trade and wide uncertainty weigh on feeder demand and cattle values, even though the futures rally offers some relief. Buyers are hesitant to set a firm price level for feeders.
beefmagazine.comWes IshmaelSep 13, 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.
