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Feeder and calf prices softened in the week ending November 16, 2018, with steers and heifers selling $2-$6/cwt lower nationally. Buyers are demanding more vaccinated and weaned calves, and cold weather in the Northern Plains slowed purchases.
Weaker feeder cattle prices reflect seasonal pressure and tighter buyer specifications, while record feedlot numbers and higher expected feed costs cap the 2019 outlook.
cattlecurrent.comWLINov 16, 2018Not 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.
