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CattleFax analysts suggested cattle prices could slide into a seasonal fall low after a six-month rally. Cash fed cattle traded around $131-133 and feeder cattle near $149-153, and USDA reported cattle on feed 2% above a year earlier on May 1.
Expected seasonal weakness and rising beef tonnage in coming years point to downward price pressure on both fed and feeder cattle.
farmprogress.comAlan NewportMay 26, 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.
