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CattleFax analyst Troy Brockelmann forecasts a seasonal rise in cattle prices through 2019 while noting that cold, wet weather is muddying pens. He says cattle on feed is the largest since 2012 for large feedyards and feeder supply is adequate, pressuring feeder prices.
Heavy feeder supply and muddy pens push cattle to market later, supporting cash fed prices in spring but weighing on feeder cattle values.
wylr.netMar 22, 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.
