Loading…
Cash fed cattle prices fell in late August 2017, with steers averaging $106.16 live after the prior week's $108-111 range. Cash prices are approaching a flip from a positive basis to a discount to futures, which would encourage hedgers to slow fed cattle offerings.
Slower fed cattle marketings tighten near-term supply and could support cash prices, but weakening cutout values and feeding losses are bearish for feedlot demand for feeder cattle. Markets are depressed overall.
wlj.netKerry Halladay, WLJ Managing EditorAug 28, 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.
