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Feeder cattle receipts at St. Joseph totaled 385,600 head, up from 354,200 last week and 118,200 a year ago. Steers and heifers sold steady to $3 lower, with strong demand for yearlings in the Northern Plains.
The Cattle on Feed report put placements at 110% of last year and on-feed at 101%.
Large placements and heavy receipts add feeder supply that pressures calf and feeder prices. Tight yearling supply supports values in some segments.
capitalpress.comStaff ReportsNov 22, 2019After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
