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Feeder steers and heifers dropped $5 to $10 per cwt at auction. Auction volume was the largest reported by USDA's Agricultural Marketing Service since 2010.
The story links the decline to the heavy supply reaching sale barns.
Heavy auction volume increases near-term feeder supply and pressures prices, reducing the value of feeder cattle to buyers.
tscra.orgWritten by: kristinJan 15, 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.
