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Calf and feeder cattle traded unevenly steady in early March as buyers hesitated amid uncertainty over growing domestic supplies. Feeder cattle futures closed about $2.02 higher on the week, and the article notes deferred live cattle contracts were pressuring feeder prices.
Cautious buyers and discounted deferred live cattle futures limit feeder cattle upside, although expanding herd supplies are a longer-term headwind.
beefmagazine.comWes IshmaelMar 4, 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.
