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Fed cattle prices rose again for a third straight week, with the weekly five-market average at $180.44 and Iowa and Nebraska trades at $182-$183. The Choice boxed beef cutout climbed to $305 by Monday, April 17.
Live-to-cutout packer margins narrowed to about $237 in mid-April from $385 a year earlier.
Rising cutout values alongside record cash cattle support prices, but narrowing packer margins may limit how much more packers will pay. Calf and feeder prices are following fed cattle higher.
southernagtoday.orgDavid AndersonApr 18, 2023Not 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.
