Oct 04, 2013
Tight supplies and increased demand continued to lift calf and feeder cattle prices last week. That’s based on the trend heading into the week, as well as a sampling of auction markets across the country.
Sampling is necessary, of course, because of the government shutdown that shuttered non-essential government services, including market reports from the Agricultural Marketing Service.
“Both calf and feeder cattle prices continue to move higher as prospects for a record corn crop and lower corn prices materialize,” says Tim Petry, livestock economist at North Dakota State University in last week’s In the Cattle Markets. “Support is also coming from historically tight feeder cattle supplies and, increasing, live cattle futures prices with expectations of declining beef production in the months ahead.”
Catch the latest market update in this, the Oct. 5, 2013 edition of Cattle Market Weekly.
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