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Colorado State economist Stephen Koontz reports that fall calf sales have seen unusually weak basis, with some 4-5 weight calves selling $15 to $25 per cwt below expectations. Many producers have delayed marketing as cheap hay is plentiful and mild weather has eased pressure to sell.
Delayed marketing points to higher-than-normal feeder placements later this year and into next, which increases feedlot demand for feed. Weak calf prices reflect ample supply and low feeding margins.
agproud.comStephen R. KoontzNov 5, 2016Not 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.
