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Cash fed cattle traded at $184-185 dressed, with Cargill buying northern cattle and cash prices holding firm. Cattle futures had a sharp break on Friday after heavier carcass weights and larger October placements than expected.
A Kansas State and Iowa State study on negotiated cash reporting is under review ahead of a planned Kansas City meeting.
Firm cash prices and heavier carcass weights offset some futures weakness, while larger placements signal future supply. Pricing-transparency debate adds uncertainty but has little direct effect on feed demand.
tsln.comNov 22, 2019Not 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.
