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Feeder cattle receipts were lower in a holiday week, with prices mostly steady to 2 higher and up to 6 higher on the bottom end. Slaughter cow prices were uneven but mostly steady to firm, and cow meat prices rose 2 to 3 by Thursday.
Tighter receipts and buyers competing for fewer head support feeder cattle prices. The cow meat rally indicates firmer demand for slaughter cattle.
beefmagazine.comEd CzerwienJun 2, 2017Not 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.
