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Feeder cattle prices and volume dropped after the CME declines that followed the Tyson packing plant fire in Kansas. Slaughter cow prices were mostly steady to $1 lower at test auctions, with some declines of up to $2.
Lower feeder cattle prices reflect packer capacity loss that cuts the demand for feeder animals. Reduced auction volume shows producers are reacting to the weaker market.
beefmagazine.comEd CzerwienAug 15, 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.
Feeder cattle prices and volume dropped following the CME declines, a spillover of lower fed cattle values through the supply chain.
