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Livestock prices at the Tulsa Stockyards were low, with some cattle reportedly selling as low as $1.16 per pound. Local ranchers affected by flooding were forced to sell herds, and sellers attributed the weakness to supply exceeding demand.
Forced selling and oversupply at local yards push cattle prices lower, though flood impacts were described as regional rather than market-wide.
ktul.comKimberly Jackson, KTUL staffJul 1, 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.
