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Feeder steers and heifers traded mostly steady to $6 per cwt higher this week as buyers bid aggressively, supported by a rally in futures. USDA ERS projects fourth-quarter feeder steer prices at $140-$146 per cwt, with expected declines in feeding margins likely to pressure calf prices.
Strong feeder demand and firm futures support cattle prices, while expected feedlot margin squeeze could cap calf prices ahead.
beefmagazine.comWes IshmaelSep 23, 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.
