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The feeder cattle market has gained strength, with most fat cattle up about $3 per hundredweight the prior week and feeder cattle up $5 to $10 over two weeks in some markets. Strong beef movement and wide packer and retailer margins have supported demand, while few good young bred cows are available.
Stronger feeder prices and tight supplies of bred cows support the feeder complex, though the commentary is largely anecdotal and reflects routine market conditions.
hpj.comHPJ StaffJul 16, 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.
