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Feeder and stocker cattle sold $3 to $8 lower in most areas, with North Central states unevenly steady. Muddy feedyard conditions after a snowstorm slowed gains and raised feed costs.
Weather-related weight-gain losses increase feed use per pound of gain, a modest bearish signal for feeder prices and a supportive factor for feed consumption.
capitalpress.comStaff ReportsDec 7, 2018After 29 past bearish weather events, Feeder Cattle moved a median +0.5% over 5 sessions (62% higher; middle half -0.5% to +2.6%), and +2.4% over 20.
After 18 past bearish weather events, Live Cattle moved a median +0.1% over 5 sessions (56% higher; middle half -0.7% to +0.9%), and -0.1% 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.
