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Current and expected fed cattle prices have fallen about $10/cwt over five weeks, eroding projected feedlot profits. K-State's series shows projected losses of $31 per head for August closeouts and $169 per head for November.
Projected feedlot losses will make operators cautious about restocking with feeder cattle, which weighs on feeder demand and prices. Lower fed cattle prices also support a bearish outlook for live cattle.
u.osu.eduSmith atAug 30, 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.
