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Cash fed cattle traded at $102-105 live in the week ending September 1, averaging $104.70, and cash prices were about $15 below the five-year average. Wholesale beef and feeder cattle prices moved higher over the same period.
Analysts said weak demand for the large supply of market-ready cattle was the main problem.
Large per-head fed cattle supplies and muted packer demand keep cash prices under pressure. Higher beef values and feeder prices suggest the pressure is concentrated at the packer end.
wlj.netKerry Halladay, WLJ Managing EditorSep 4, 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.
