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A special feeder cattle sale in the Pacific Northwest traded 1,600 head on November 3. Stocker and feeder cattle were steady to $13 lower than the prior week; medium-large frame feeder steers weighing 600–650 pounds sold for $377.50–$396 per hundredweight.
Lower feeder cattle prices reduce replacement costs for feedlot buyers, though the reported weekly decline was modest and localized. The sale offers a snapshot rather than a broad market-moving supply or demand shift.
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.