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Fed cattle prices slid roughly $40 from May's spring high, with August trade at $104-105 as slaughter reached about 520,000 head weekly. Total beef production near 520 million pounds per week is pressuring prices.
Rising fed slaughter and beef output keep supply heavy, pressuring cattle prices and feeder margins through the fall.
beefmagazine.comNevil SpeerSep 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.
