Cattle futures took a dive after the October Cattle on Feed Report, but NDSU livestock economist Tim Petry still expects fall cash markets to stay ahead of last year’s level. “Calves are priced probably $70 higher than they were last year at this time.” Preconditioned calves should bring a premium later in the season. Other factors also contribute to increased cash prices later on. “As we usually do this time of year, I think we’ll see weakness into the next month or so before calves are weaned longer and Cornbelt buyers get corn harvested and come into the market.”
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