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Feeder and stocker cattle prices rebounded to late August and early September levels in the week, while calf prices trended lower. CME feeder and live cattle futures were 2.50 to 3.25 lower for the week, and rains improved pasture and stock water conditions.
Lower futures and weaker calf prices point to softer feeder cattle demand. Improved pasture conditions reduce pressure on feed demand from the grazing sector.
capitalpress.comStaff ReportsNov 1, 2024After 144 past bearish report events, LCATTLE moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, FCATTLE moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% 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.
