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Calf and feeder cattle prices were steady to higher during the week, with Southeast prices up $5-6 per cwt for 400-700 lb cattle. Feeder cattle futures closed an average of $1.78 higher week to week.
An Oklahoma State economist expects calf prices to decline seasonally toward an October low but stay above year-ago levels.
Strong stocker demand for fall grazing is limiting seasonal price pressure on feeder cattle. Feeder supplies and seasonal weakness into October will determine how far prices can hold.
beefmagazine.comWes IshmaelSep 16, 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.
