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Feeder cattle traded firm to $2 per cwt higher in the week ending October 5, and CME Feeder Cattle futures closed about 96 cents higher. The CME Feeder Cattle Index reached $158.18, its highest since November, while Oklahoma State's Derrell Peel expects supplies to peak in mid-November.
A larger fall calf crop and seasonal supply peak could limit further stocker price gains, while strong wheat pasture demand partly offsets the added supply.
beefmagazine.comWes IshmaelOct 5, 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.
