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Prices for calves suited to summer grazing rose, while buyers were less aggressive on feeder-weight cattle headed to feedlots. Steer and heifer calves sold steady to $5 higher, while feeder steers and heifers sold steady to $5 lower.
Cattle futures were volatile during the week.
Strong grazing-calf demand contrasts with softer feedlot buying, reflecting uncertainty about feedlot margins. Feed demand from grazing cattle may hold up, but feedlot feed demand is less certain.
beefmagazine.comWes IshmaelMar 3, 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.
