Loading…
Feeder cattle receipts at test auctions were about 27,800 head, slightly above the prior week and roughly 2,000 head above last year. Higher CME prices lifted yearling prices and pulled more cattle off native pastures, while slaughter cow prices fell after a sharp drop in the cow cutout and 90% trimmings.
Stronger yearling prices and more cattle moving to market point to ample feeder supply, which weighs on feeder demand and prices, while lower cow prices reflect weaker beef wholesale values.
beefmagazine.comEd CzerwienJul 19, 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.
