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Grass demand lifted calf and feeder cattle prices the week ending April 19, 2019, with steers and heifers trading $2-$7/cwt higher and steers $10-$14 higher in Nebraska and South Dakota. Cash fed cattle ended $2 higher in the South, and the March Cattle on Feed report showed placements and total cattle on feed above analyst expectations.
Strong grass-season demand and higher cash fed prices support feeder cattle values, while the larger-than-expected on-feed numbers could pressure futures in the near term.
cattlecurrent.comWLIApr 19, 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.
Grass demand lifted feeder prices $2-$14/cwt and cash fed cattle rose, supporting stronger feeder futures.
