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Cattle prices have held above analyst projections in 2018 despite large supplies, with fed cattle near $108-110 and yearlings running above 2017 levels. Producers are optimistic for the fourth quarter and into early 2019.
Stronger-than-expected fed and yearling prices support feedlot margins and suggest firm cattle values into early 2019, though supplies remain large.
agweek.comMichelle Rook, AgweekTV AnchorNov 12, 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.
