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Feeder calf values are about $10 per cwt below last year as higher corn prices and feeder losses weigh on buying interest. USDA data show beef imports up 6% and exports down 4% year to date, and an excess of domestic beef supply is raising concern about calf marketing.
Higher corn costs and weak feeder margins reduce feeder demand for calves and grain, while rising beef imports add pressure on domestic cattle values.
tsln.comCarrie StadheimJul 11, 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.
