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Feeder cattle prices fell $1-4 during the week ending March 2, 2017, as 45,400 head moved through test auctions when cattle left wheat pastures ahead of the March 15 insurance deadline. Slaughter cow prices rose $1-3 on higher cow meat values and demand from feeding cow buyers.
Cattle on Feed placements were again large.
Heavy feeder marketings and large placements add supply pressure on feeder cattle, while stronger cow prices reflect firm beef demand. Feeder cattle price weakness reduces feedlot margins and feed buying appetite.
beefmagazine.comEd CzerwienMar 2, 2017After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), 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.
