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Fed cattle prices traded mostly softer to sideways in November, slipping from $123-124 per cwt in October toward $119 before recovering to $120-121 in the final week. USDA estimated November weekly beef production at 537 million pounds, the largest week since 2008.
Heavy beef output combined with a flat cutout weighs on fed cattle values, though firmer Choice cutout prices and strong demand offer support heading into 2018.
beefmagazine.comNevil SpeerDec 8, 2017Not 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.
