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Analysts report that feeder and fed cattle prices were supported by strong demand in the first quarter. Packer demand has likely weakened as margins were squeezed by falling wholesale beef prices.
Weekly dressed weights and forecasts for first-half commercial beef production were raised.
Weaker packer margins could reduce cattle demand and pressure live and feeder cattle prices. Higher carcass weights point to ample beef supply.
agproud.comMay 24, 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.
