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Feeder cattle prices kept rising through the week ending Sept. 28, with futures closing about $5 higher on the week.
Steers and heifers sold $4 to $8 per cwt higher in the North and South Central regions. Buyer confidence improved after a bullish Cattle on Feed report showed much lower feedyard placements.
Smaller feedlot placements tighten fed cattle supply for coming months, supporting fed and feeder cattle prices. Strong auction receipts and steady grazing demand also reflect improved producer sentiment.
beefmagazine.comWes IshmaelSep 28, 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.
