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Stocker and feeder cattle prices jumped early in the week after a big rise in fed cattle prices. Prices then eased after Live Cattle futures dropped sharply on Wednesday.
Test auction receipts were 46,200 head, well above the prior week and last year.
Higher cash fed cattle values and strong feeder demand support feeder prices, but a futures selloff signals the rally may stall. Feeder buyers should expect choppy pricing.
beefmagazine.comEd CzerwienFeb 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.
