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Fed cattle marketings in October 2017 ran 6% above the prior year, and cattle on feed stayed relatively high. Average dressed weights in November were 826 pounds, 17 pounds below the year before.
A higher share of cows and heifers in the slaughter mix is lowering carcass weights.
Lighter carcass weights reduce beef tonnage per head even as slaughter stays strong. Slowing beef cow expansion points to tighter future supply, which supports prices.
agproud.comKeithly JonesJan 24, 2018After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
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.
