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Feedyards placed 11.4 million head over the past six months, 976,000 more than a year earlier, and must market roughly 185,000 extra head per month through year end. September cash fed cattle prices rose to about $108-109 by late month, despite weak wholesale beef values.
Heavy feedlot supply that must be sold in coming months pressures cattle prices and limits the feeding sector's ability to add pen capacity. Lower feeder demand would tighten the market for feed grains used in finishing rations.
beefmagazine.comNevil SpeerOct 5, 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.
