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Feedlot closeouts were mostly in the red at the end of 2017, with small profits expected for early 2018. Large cattle numbers keeping feedyards full are seen limiting significant price gains through most of 2018.
Ample feedlot supply and thin margins point to steady-to-soft cattle prices, which keeps feed demand from strengthening meaningfully.
calfnews.netDec 1, 2017Not 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.
