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Feeder and stocker cattle sold $2 to $6 higher in the week ending November 25, with most steer calves under 600 pounds up to $10 higher. Receipts were 338,400 head, well above the prior week and the year-ago level, and buyer demand was very good.
Strong buyer demand for feeder cattle supports prices despite heavy supply, while winter grazing demand keeps calf values firm for feed buyers.
capitalpress.comStaff ReportsDec 5, 2016After 227 past bullish report events, Feeder Cattle moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.5%), and +1.1% 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.
