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The Federal-State Market News national feeder and stocker report for the week ending April 19, 2019 shows steers and heifers selling $2-$7 higher, with Nebraska and Southeast steers $10-$14 higher. Large auction receipts were reported, and Nebraska feeder marketings were delayed 2 to 4 weeks by two bomb cyclones since mid-March.
Strong grass-driven buying supports feeder cattle prices, while large receipts and delayed weather-related marketings add supply-timing uncertainty.
capitalpress.comStaff ReportsApr 19, 2019After 79 past bullish weather events, FCATTLE moved a median +0.1% over 5 sessions (53% higher; middle half -1.4% to +1.7%), and +1.4% over 20.
After 80 past bullish weather events, LCATTLE moved a median +0.1% over 5 sessions (54% higher; middle half -0.8% to +1.3%), and +0.7% over 20.
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.
