Loading…
Fed cattle traded $2 to $3 lower week over week, with live prices mainly $117 to $118. Cutout values eased and packers kept a rapid slaughter pace, with heifer slaughter up 10% year to date.
Falling fed cattle prices and tightening feeder margins signal weaker cattle values, though heavy packer slaughter reflects steady demand for supply.
u.osu.eduSmith atJul 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.
