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USDA introduced a new National Weekly Fed Cattle Comprehensive Report to give stakeholders a fuller picture of fed cattle transactions. The change alters how fed cattle prices are reported and benchmarked.
A more complete fed cattle price series can change how cash and futures prices are benchmarked and how the market responds to pricing changes. The effect on price levels is likely limited.
dr.lib.iastate.eduLee SchulzJan 1, 2017After 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.
