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A West Plains auction report showed 2,241 head received, down from 2,790 a week earlier. Calf prices were steady to $5 lower, with moderate demand on a light supply affected by heavy rain.
The report noted fear of a large volume of cattle ready for slaughter had weighed on futures and cash feeder prices.
Lower feeder cash prices reflect expectations of heavy fed-cattle supply in coming months, which weakens feeder cattle demand for feed. The effect on feed prices is limited.
westplainsdailyquill.netMar 30, 2018Not 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.
