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USDA's weekly national feeder and stocker report showed auction receipts of about 314,500 head, up from 305,600 the week before and 306,000 a year earlier. Steers and heifers sold uneven, with mostly steady to higher prices in the North and South Central regions and lower prices in the Southeast.
Winter storms delayed cattle moving to auction.
Higher receipts and mixed price trends show a balanced feeder market, with weather limiting supply. Snow cover and moisture could affect feeder demand and pasture conditions through spring.
capitalpress.comStaff ReportsFeb 22, 2019After 44 past neutral report events, Feeder Cattle moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% 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.
