Cattle futures tightening, end day lower
By Pro Farmer - Fri 22 Mar 2013 15:47:09 CT
Related Keywords: Agriculture
Live cattle futures faced pressure to wrap up the week and ended 22 1/2 to 82 1/2 cents lower for the day. Most contracts ended with slight week-over-week gains. Today's Cattle on Feed Report should help the cattle market to put in a low next week and it reflected even more supply tightening than expected, with On Feed coming in at 93% of year-ago and Placements at 86% of year-ago levels. This signals feedlots are current and feeder calf supplies are tightening.

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