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Calf prices weakened during the week of October 21 as auction volume rose, with calf and feeder numbers up 25% week over week. CME feeder cattle futures fell an average of $1.31 that week, although calf prices remained 27-35% above year-earlier levels in most regions.
Heavier calf and feeder supplies at auction pressure feeder cattle prices seasonally, while strong year-over-year levels reflect firm demand. Feed buyers see a seasonal dip rather than a structural change.
beefmagazine.comWes IshmaelOct 21, 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.
