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A Beef Magazine column reviews USDA's fall 2016 placement data, noting September placements fell 2 percent and November placements rose 15 percent. The three-month fall run totaled 5.91 million head, only 80,000 above 2015.
A modest fall run keeps feeder supplies manageable into 2017, a relatively supportive factor for feeder cattle prices.
beefmagazine.comNevil SpeerJan 6, 2017After 44 past neutral report events, FCATTLE moved a median +0.3% over 5 sessions (59% higher; middle half -0.9% to +1.0%), and +0.5% over 20.
After 78 past neutral report events, LCATTLE moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), 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.
