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Cattle prices held up in 2018 despite record or near-record beef production, with retail sales and exports holding relatively well. CME feeder futures for January through April rose about $2.40 to $2.88 per hundredweight after the December Cattle on Feed report.
Beef cow prices were weak due to dairy-sector losses and possibly high cattle numbers.
Large domestic meat supply weighs on prices, but rising feeder futures point to firmer feeder cattle values. The overall outlook is mildly bullish for feeders and neutral for live cattle.
farmprogress.comAlan NewportJan 2, 2019Not 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.
