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Feeder cattle demand stayed strong the prior week, with feeder steers and heifers mostly steady to $7 per cwt higher. Feeder and live cattle futures closed higher on average week to week, while unweaned calves faced pressure.
Stronger feeder prices and solid buyer interest point to healthy cattle values heading into the fall calf run, which supports demand for feed rations. Pressure on lightweight calves suggests the price strength is concentrated in heavier animals.
beefmagazine.comWes IshmaelOct 7, 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.
