Loading…
Feeder steer and heifer prices fell $5 to $17 per cwt in North Central and South Central auctions, with some Thursday sales down $20 to $27. Feeder cattle receipts were 197,100 head, well above last week.
Prices are running $10 to $20 below a year earlier.
Lower feeder cattle values and heavy receipts point to weaker demand for feed in backgrounding and feedlot phases, with bearish pressure on grain and meal consumption.
capitalpress.comStaff ReportsApr 3, 2020Not 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.
Feeder cattle auction prices dropped $5-27 on heavy receipts, signaling weak cattle demand that pressures live cattle.
Feeder cattle auction prices fell sharply on heavy receipts, reflecting weak cattle demand in the same week.
