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Cash fed cattle trade in the week ending July 27 was thin, with 2,204 head confirmed sold at $110-112 live and an average of $111.31. A large negotiated trade of about 147,900 head occurred on July 20.
Analysts said supplies would remain significant into August and September.
Heavy fed cattle supplies and a steady-to-weak cash market point to softer cattle prices, which in turn affect feeder demand for feed grains.
wlj.netKerry Halladay, WLJ Managing EditorJul 30, 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.
