Loading…
Steers sold $1-$6 per cwt higher and heifers mostly steady to $3 higher as improving fall forage conditions and wheat pasture prospects supported calf and feeder prices. USDA ERS nudged its feeder cattle price forecasts slightly higher for the rest of 2018 and 2019.
Abundant grass and wheat pasture reduce backgrounding costs and support feeder demand, though ERS expects seasonal fourth-quarter softness.
beefmagazine.comSep 22, 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.
