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Live cattle futures have fallen about 7% in 30 days as feedlots are full and the market seeks a level to clear extra supply. The March 23 Cattle on Feed report came in at the high end of expectations, with placements and marketings up year over year.
Heavy feedlot supply and weak futures pressure feeder and live cattle prices, while trade-war jitters and lower packer capacity add downside risk for feed demand from the cattle sector.
realagriculture.comRealAgriculture News TeamMar 23, 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.
