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A High Plains Journal commentary says cattle futures climbed on strong domestic and export demand, with 2018 cumulative beef export sales up 19% from last year. It cites USDA's September Cattle on Feed report showing a 6% larger on-feed inventory, the highest for September 1 since 1996.
Strong export and domestic demand is supporting prices despite ample feedlot supplies, so a demand slowdown would push cattle prices lower.
hpj.comHPJ StaffOct 1, 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.
