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Pete Crow notes cattle markets softened about $1 in the week, though prices held strong despite large slaughter numbers. Packers continue processing about 650,000 head weekly and earning over $200 per head, while the cow herd has grown 16 percent over three years.
Record slaughter and herd expansion keep fed cattle supplies heavy, but expected fall declines in finished supplies could support the fed market and feeder demand.
wlj.netPete Crow, WLJ publisher emeritusAug 27, 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.
